New York State Teachers Retirement System (NYSTRS) has extended its contract with four global real estate investment trust (REIT) managers and a real estate debt separate account managed by Prima Capital Advisors for another 12 months.

The pension fund said it has renewed its relationship with global REIT managers Heitman Real Estate Securities, Brookfield Asset Management, AEW Capital Management and Dimensional Fund Advisors. The contracts with the managers started in 2017.

Altogether, the REIT managers oversee an $828m (€699m) portfolio, benchmarked against the FTSE EPRA/NAREIT Developed Unhedged Index.

NYSTRS hired Prima Capital in 2003. The manager oversees a US commercial mortgage-backed securities (CMBS) portfolio valued at $514.4m.

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