All articles by Jon Peterson – Page 23
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Sacramento County to hold onto AEW fund
UNITED STATES - Sacramento County Employees Retirement System has extended the investment period for its AEW Value Investors II holding.
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US pension giants lose big on real estate
EUROPE – Many of Europe’s cross-border investors returned to the real estate market in the second quarter, replacing domestic investors as the most dominant active group.
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Mercer expands real estate operation
UNITED STATES- Mercer Investment Consulting is growing its real estate staff with the hiring of David Nix as a senior researcher.
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Florida Board of Administration reassigns MS managed assets
UNITED STATES - Florida State Board of Administration has signed contracts to transfer 85% of the $2.7bn (€1.93bn) separate account assets previously managed by Morgan Stanley Real Estate to Heitman, L&B Realty Advisors and Invesco Real Estate.
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Ohio School Employees steps up global REITS
UNITED STATES - School Employees Retirement System of Ohio is increasing its allocation to global REITs from 11% to 15% of its total real estate portfolio.
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Ohio Police and Fire’s real estate keeps falling
UNITED STATES – The value of real estate portfolios for US pension funds is still declining as Ohio Police and Fire pension fund has revealed as its real estate assets dropped in value from $1.01bn (€713.9m euros) at the end of 2008 to $784m by the end of the first ...
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Crisis shrinks CALSTRS real estate commitments
UNITED STATES – The California State Teachers Retirement System made a total commitment to real estate of just $41.1m (€29.3m) in the first quarter of 2009, compared with over $1bn in the same period last year.
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New York Common invests in UK underperformers
UNITED STATES - New York State Common Retirement Fund has made a $30m (€21.3m) commitment to the Mountgrange Real Estate Opportunity Fund I in a bid to further diversify into European real estate.
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Texas Teachers makes industrial acquisition
UNITED STATES - Teacher Retirement System of Texas has made one of the largest industrial acquisitions of the year by investing $410m (€292.8m) into TLF Logistics.
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Pramerica creates high-yield debt platform
UNITED STATES - Pramerica Real Estate Investors has created a team as part of a move to put together a high-yield debt platform to conduct transactions on a global basis.
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RREEF weigh ups its options over America III
UNITED STATES – RREEF, the real estate investment division of Deutsche Bank, is now considering three different options to help it deal with some debt issues for its open-ended commingled fund, RREEF America III.
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Maine PERS selects ORG as real estate consultant
UNITED STATES - Maine Public Employees Retirement System has selected ORG Real Property as its first ever real estate consultant.
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Fresno County acts on concerns about value-added manager
UNITED STATES - Fresno County Employees Retirement Association has changed its mind about the appointment of a real estate manager to look after a $30m (€21.7m) allocation for a value-added investment as it has reservations about the firm’s ability to raise sufficient capital.
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Mass PRIM fires REIT manager
UNITED STATES - Massachusetts Pension Reserves Investment Management Board has terminated its separate account REIT manager relationship with Wellington Management in part on the back of poor performance and awarded a new $40m (€28.6m) allocation to the AFL-CIO Housing Investment Trust Fund.
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Kansas PERS expands into infrastructure
UNITED STATES - Kansas Public Employees Retirement System has made its first ever investment in infrastructure with a $50m (€35.2m) commitment into the Brookfield Americas Infrastructure Fund.
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Mark turmoil encourages AlaskaPerm to rethink weightings
UNITED STATES - The Alaska Permanent Fund Corporation has increased its targeted allocation to real estate from 10% to 13%, to help cope with the impact of the financial markets crisis on its portfolio.
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US recovery to be a slow haul - ING
UNITED STATES - ING Clarion Partners has predicted there will be no quick recovery of the US real estate markets.
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Texas Employees signs real estate consultant
UNITED STATES - Texas Employees Retirement System has selected RV Kuhns & Associates as its first ever real estate consultant.
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SanFran CC to spend in real estate
UNITED STATES - San Francisco City and County Employees’ Retirement System is planning to invest capital in public REITs and the non-core sector of its real estate portfolio over the next year.
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Mercer expands global real estate operations
UNITED STATES - Mercer Investment Consulting is expanding its real estate consulting operation to pension fund clients around the world.
