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Home Commercial Kern County Pension Commits $160MM to Real Estate Debt, Backing Hudson Bay, TPG and Hines Funds
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Kern County Pension Commits $160MM to Real Estate Debt, Backing Hudson Bay, TPG and Hines Funds

August 24, 20263 Mins read413
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Photo by Allison Saeng For Unsplash+
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The $6 billion Bakersfield pension fund split its latest real estate wager across three sharply different lending plays — opportunistic East Coast debt, financing for homebuilders' land pipelines and senior loans on U.S. office towers — as institutional investors keep choosing to lend against property rather than own it.

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