Massachusetts Pension Reserves Investment Management Board (Mass PRIM) is expected to have an active year for real estate investment.
According to a board meeting document, the pension fund plans to conduct research into data centres, artificial intelligence and non-core real estate strategies.
Mass PRIM has not established a specific capital target for new real estate investments or potential divestments from its existing portfolio.
The pension fund reported completing $1.97bn (€1.6bn) in total real estate investment activity for 2025.
Last year, Mass PRIM expanded into two new property types by completing its first student housing and transportation logistics investments. The pension fund also formed partnerships with two large self-storage operators as part of seven private real estate investments totaling $576m.
Mass PRIM’s real estate investment activity during the period also included $150m allocations to real estate investment trusts via managers DSW and PGIM.
The pension fund also committed $150m to DivCore Fund VII and $100m to the BGO US Value Lending II fund.
Mass PRIM said the investment activities in 2025 were partially offset by the sale of seven assets from its existing real estate portfolio for a total of $373m.
Mass PRIM declined to comment beyond the details disclosed in its board meeting document.
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