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CMBS delinquency rate ticks up in June
trueThe Trepp CMBS delinquency rate rose 5 basis points in June, to 5.45%, data released Tuesday show. June marked the first monthly increase in six months.
CalPERS taps Park Hill to sell $3 billion in real estate on secondary market
trueCalPERS hired Park Hill Group to assist in selling up to $3 billion of its $25.5 billion real estate portfolio on the secondary market.
Florida State Board names new exec for external real estate
trueMichael Fogliano joined the Florida State Board of Administration as senior portfolio manager for its externally managed real estate portfolio.
New Mexico council earmarks $300 million to 3 funds
trueNew Mexico State Investment Council, Santa Fe, committed $300 million to three alternative investment funds at its meeting Tuesday, said Charles Wollmann, spokesman for the $20.5 billion endowment.
Indiana Public Retirement tweaks asset allocation, boosts risk parity
trueIndiana Public Retirement System on Friday approved a new asset allocation that would hike the targets in the $30.4 billion retirement system's allocations to ex-inflation-linked fixed income and risk parity, and trim its public equities and real estate targets.
Washington State Investment Board sets $500 million for timber, infrastructure
trueWashington State Investment Board hired Twin Creeks Timber to manage $300 million in timberland and committed $200 million to ISQ Cube Hydro Co-Investment Fund.
Illinois State Board commits $30 million each to private equity, real estate funds
trueIllinois State Board of Investment committed $60 million to two alternative investment funds.
Quebec's Caisse, APG Asset Management invest in China real estate developer
trueA unit of the Caisse de Depot et Placement du Quebec and the money manager for Stichting Pensioenfonds ABP raised a combined $920 million to invest in Chinese retail real estate developer Chongbang Group.
Missouri Local Government hires timber manager, commits to real estate funds
trueMissouri Local Government Employees Retirement System hired Timberland Investment Resources to manage a $146 million timber portfolio.
Chicago Laborers slates $10 million for Mesirow real estate fund
trueChicago Laborers’ Annuity & Benefit Fund committed $10 million to Mesirow Financial Real Estate Value Fund II.
South Dakota Investment Council puts $340 million with Lone Star, Blackstone
trueSouth Dakota Investment Council committed $243 million to Lone Star Real Estate Fund IV, a distressed commercial real estate debt and equity fund managed by Lone Star Funds.
Fortress closes opportunistic credit real estate fund at $1 billion
trueFortress Investment Group has closed opportunistic credit real estate fund Fortress Real Estate Opportunities Fund II at its $1 billion hard cap.
CalSTRS seeking independent real estate fiduciaries
trueCalSTRS is searching for independent real estate fiduciaries to evaluate commingled funds, joint ventures, real estate investment trusts, debt structures, international investments, land investments and investments in infrastructure.
Missouri transportation and highway patrol pension fund allocates to 4 managers
trueMissouri Department of Transportation and Highway Patrol Employees’ Retirement System committed $25 million to a core real estate fund managed by Clarion Partners.
U.K. realty manager, Chinese firm launch joint venture
trueSavills Investment Management, a real estate money manager is entering into a joint venture with China Minsheng Investment Capital Co., to develop and promote a series of real estate funds and other investment vehicles.