Kansas PERS earmarks up to $305m for real estate in 2019
Kansas Public Employees Retirement System (PERS) plans to invest up to $305m (€267m) in real estate in 2019.
The $19bn pension said in a board meeting report that it plans to allocate up to $200m and $105m, respectively, to core and non-core real estate funds next year.
The majority of the capital is expected to be invested in the US.
Kansas PERS, which is advised by The Townsend Group, typically issues commitments between $40m and $60m to funds.
It has made its final commitment for 2018, approving $60m to the Prologis Targeted US Logistics Fund.