Kansas Public Employees Retirement System (PERS) has made an additional $100m (€85.3m) commitment to PGIM Real Estate’s flagship open-ended core property fund PRISA, according to the pension fund.

Kansas PERS first backed PRISA in 2015 with a $175m commitment and made a follow-on $60m investment in 2018.

According to real estate consultant, The Townsend Group, PRISA has outperformed the ODCE index over all measured time periods.

As previously reported, Kansas PERS plans to make commitments of between $100m and $300m to core strategies this year.

In April, the pension fund approved a $100m commitment to Morgan Stanley Prime Property Fund, Morgan Stanley’s core open-ended US fund.

Kansas PERS said in a meeting document that it is planning to sell its $75m assets in a separately managed timber account with a plan to seek other attractive investment options for its real return portfolio.

The pension fund is in talks to extend The Molpus Woodlands Group’s contract to help with the divesture of the existing timberland assets in the separately managed account.

Kansas PERS also has a $73m investment in the open-ended RMS Evergreen Fund.

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