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Jacksonville City Retirement System taps Prudential for real estate commitment
trueJacksonville (Fla.) City Retirement System committed $40 million to Prudential Real Estate Investors’ PRISA II fund, said Joey Greive, chief investment officer.
Maine Public Employees makes up to $185 million in commitments
trueMaine Public Employees Retirement System made three commitments totaling up to $185 million.
J.P. Morgan Asset Management acquires Aviva's Asia-Pacific real estate business
trueJ.P. Morgan Asset Management acquired Aviva Investors' Asia-Pacific real estate business and is taking on the entire 16-person team from Aviva and $1.2 billion of diversified assets in Australia, New Zealand, Japan and Singapore.
New Mexico State Investment Council commits to real estate, adjust fees with PIMCO
trueNew Mexico State Investment Council committed $50 million to Almanac Realty Securities VII, a value-added real estate fund managed by Almanac Realty Investors.
ASB Real Estate hires new head of client services
trueClyde W. Robinson Jr. was named managing director and head of client services at ASB Real Estate Investments.
Alaska Permanent Fund makes a total of $1.45 billion in commitments
trueAlaska Permanent Fund Corp. announced four new commitments totaling $900 million in Dec. 10-11 board meeting materials.
Indiana Public Retirement slates $175 million for Blackstone, Hellman & Friedman
trueIndiana Public Retirement System committed $100 million to Blackstone Property Partners, a real estate fund managed by Blackstone Real Estate Investors, and $75 million to Hellman & Friedman Capital Partners VIII, a private equity fund.
Illinois Teachers taps new real estate consultant, makes several new hires, commitments
trueIllinois Teachers' Retirement System hired Courtland Partners as consultant for its $5.7 billion real estate portfolio at a board meeting Thursday.
Chattanooga Fire and Police chooses Siguler Guff real estate fund of funds
trueChattanooga (Tenn.) Fire and Police Pension Fund committed $8 million to Siguler Guff Distressed Real Estate Opportunities Fund II, a real estate fund of funds managed by Siguler Guff & Co..
Stanislaus County commits $60 million to 3 real estate funds
trueStanislaus County Employees' Retirement Association made three real estate commitments totaling $60 million.
Ohio Police & Fire charts up to $200 million in real estate commitments for 2015
trueOhio Police & Fire Pension Fund plans to make a total of $150 million to $200 million in new real estate commitments in 2015.
Hawaii Employees makes $20 million commitment to Japanese real estate fund
trueHawaii Employees' Retirement System committed $20 million to Fortress Japan Opportunity Fund III.
Real estate return expectations rise for 2015
trueReal estate investors are forecasting a 9.1% total return for the NCREIF Property index in 2015, up from 8.6% from a quarter ago, according to the Q4 Pension Real Estate Association Consensus Forecast survey. Projections for 2016 and the annualized return through 2018 were unchanged at 8% and 8.4%, ...
Arkansas Teachers commits $80 million, sets 2015 alts targets
trueArkansas Teacher Retirement System committed up to $80 million total to three funds and approved alternatives investment goals for 2015.
Singapore SWF in midst of worldwide property spree
trueDon't tell GIC Private Ltd. executives that the tidal wave of liquidity central banks are flushing into capital markets has left little value to be had in prospective real estate investments around the globe.