Tennessee Pension Fund Buys Sacramento Shopping Center for $38.5MM

By Jon Peterson The Tennessee Consolidated Retirement System has paid $38.5 million to acquire the 103,853 square foot Raley’s Center of Elk Grove in Elk Grove, as stated by the pension fund in an e-mail. Tennessee acquired the property as a separate account investment with Hartford, Conn.-based Barings Real Estate Advisers. The real estate manager […]