All articles by Jon Peterson – Page 41
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San Joaquin County considers real estate rise
UNITED STATES - San Joaquin County Employees’ Retirement Association is thinking of increasing its exposure to real estate to as much as a tenth of its assets.
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Infrastructure to draw more pension capital - RREEF
UNITED STATES - More US pension fund investment capital is heading for infrastructure, according to a research report issued by RREEF.
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North Dakota State shifts core capital to value-added
UNITED STATES - North Dakota State Investment Board has decided to move a portion of its capital originally invested in core real estate and move it into the value-added real estate bucket.
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CalPERS and MacFarlane bet big on the capitol
UNITED STATES - California Public Employees Retirement System and MacFarlane Partners have formed a venture which could build a real estate portfolio worth $10bn (€7.3bn) in the greater Washington DC region.
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Low returns fail to deter core pension fund investors
UNITED STATES – Some US pension funds are still willing to invest a portion of their capital in core real estate despite returns being at an all-time low, according to consultants Townsend Group.
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CalPERS to rest capital in global hotels
UNITED STATES – California Public Employees Retirement System is planning to tap into the tourism trade next year with the development of a global hotel investment platform.
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TIAA-CREF sales push draws Alaska hire
UNITED STATES - TIAA-CREF Asset Management has signaled plans for a major institutional business drive with the expansion of its sales team and three key appointments.
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Virginia adds to global REIT trend
UNITED STATES – Over $1bn (€750m) of pension funds has been committed to global REITs strategies over the last two weeks, following Virginia Retirement System’s decision to invest new money.
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Ohio PERS to sell $1bn in real estate
UNITED STATES – Strong interest in real estate acquisitions has promoted Ohio Public Employees Retirement System to spend the remainder of 2007 working on the sale of $1bn (€741.2m) in real estate assets.
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CalPERS considers major real estate emigration
UNITED STATES – The California Public Employees Retirement System is thinking of expanding overseas and moving its international real estate allocation from its current 20% level to a 50% weighting.
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Oregon PERF to increase real estate presence
UNITED STATES - Oregon Public Employees Retirement Fund has moved its targeted allocation for real estate from 8% to 11%, giving the pension fund an extra $1.8bn (€1.3bn) of new capital to invest.
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More US pension fund capital heads for global REITs
UNITED STATES - Massachusetts Pension Reserves Investment Management Board and Wisconsin State Investment Board have become the latest pension funds in the United States to plan a global REIT strategy.
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Illinois Teachers schools overseas growth
UNITED STATES - Teachers’ Retirement System of the State of Illinois is close to reaching its international real estate allocation as the fund has now approved a further three investments totaling $250m (€184m) into commingled funds.
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Mexico industrial market offers strong opportunity
UNITED STATES - Pension funds in the United States are increasingly looking at the Mexican industrial market as a solid investment opportunity. Rob Kochis, principal with real estate consultancy The Townsend Group, said the Teacher Retirement Syst...
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Cap rates unchanged by debt market volatility
UNITED STATES – Real estate investors are now turning their attention to returns as cap rates on real estate investments in the United States were unaffected through the second quarter despite earlier volatility in the debt markets, suggests Pr...
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Contra Costa County to cross Reits border
UNITED STATES - Contra Costa County Employees’ Retirement Association has decided to take its US REIT investment program to the global stage. The pension fund will be conducting a search for REIT managers over the next few months, according ...
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LACERA resumes global REIT search
UNITED STATES - Los Angeles County Employees Retirement Association is now in the planning stages for a new global REIT manager search worth around $100m (€73.1m). John McClelland, principal investment officer for real estate at the pension ...
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ING Clarion seeks healthy gains in medical push
UNITED STATES - ING Clarion Partners is looking to invest at least $200m (€146m) in the medical office building sector in the next several years as the firm believes returns are 1% better than in traditional offices. At this stage, capital ...
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RREEF predicts new spending in Asia-Pacific
UNITED STATES – Institutional capital will head into new countries within the Asia Pacific region such as Vietnam and Brazil over the next two years, according to research presented by RREEF Details of RREEF’s Asia Pacific Property Cyc...
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NY State Teachers adds CMBS in $634m commitment
UNITED STATES - New York State Teachers Retirement System has placed $674m (€492.3m) into new real estate commitments through a series of fund investments which includes commercial mortgage-backed securities. NYSTRS’ real estate portfo...
