The investment committee approved staff recommendations to approve manager appointments and to commit to two value‑add real estate funds — Blue Owl Real Estate Fund 7 and Crow Holdings Fund 11 — at $75 million each to maintain target private real estate pacing.

There’s a lot of misunderstanding around this strategy. Let’s simplify it: Cash for Keys is a negotiated agreement where you pay a tenant or occupant to voluntarily vacate a property—quickly, cleanly,...