Real estate

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  1. Texas County & District commits $105 million to private equity, real estate

    trueTexas County & District Retirement System, Austin, committed a total of $105 million to two alternatives managers, said spokeswoman Brooke Goggans in an e-mail.

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  1. Alameda County Employees issues call for new real estate consultant

    trueAlameda County Employees' Retirement Association is searching for a real estate consultant.

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  2. Illinois SURS preps non-core real estate search

    trueIllinois State Universities Retirement System plans to issue an RFP on Sept. 29 for managers to run $100 million in non-core real estate.

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  3. The illusion of liquidity

    truePension fund executives, like many investors, historically have been willing to pay a premium for liquidity. Lately, though, they've started to realize that, for many investments, liquidity can be an illusion. When the 2008 financial crisis hit, only the very highest-quality assets — such as U.S. ...

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  4. Iowa PERS taps SSgA to manage $300 million in passive REITs

    trueIowa Public Employees’ Retirement System hired State Street Global Advisors to manage $300 million in a passive REITs strategy, pending negotiations.

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  5. Cook County Annuity & Benefit puts REIT hire on hold

    trueCook County Annuity & Benefit Fund’s investment committee on Tuesday took no action on a recommendation by investment consultant Callan Associates to hire Adelante Capital Management to run up to $100 million in its total return U.S. REIT strategy.

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  6. Texas Muni taps 2 for international equities, commits $307 million to real estate

    trueTexas Municipal Retirement System, Austin, hired Acadian Asset Management and William Blair & Co. to run $175 million each in international emerging markets equity strategies.

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  7. U.S. REITs with the highest price-to-FFO ratios

    trueThe current average price-to-funds from operations ratio of firms in the MSCI U.S. REIT index is 17.7, slightly higher than the long-run average of 15.7.

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  8. Prudential adds real estate portfolio manager in realignment

    trueJames Glen joined Prudential Real Estate Investors as a principal and portfolio manager for its core U.S. real estate fund.

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  9. Los Angeles City Employees lines up new real estate commitments

    trueLos Angeles City Employees’ Retirement System plans to commit $140 million to four new open-end core real estate funds this year and make $50 million in additional commitments in 2015, minutes from the pension fund’s Aug. 26 board meeting show.

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  10. CalPERS adds $1.3 billion to 3 real estate partnerships

    trueCalPERS committed an additional $1.3 billion total to three real estate partnerships, said agenda materials for the investment committee's meeting on Monday.

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  11. Harrison Street taps senior housing

    trueHarrison Street Real Estate Capital LLC last monthAugust snapped up a senior housing portfolio, in part, with capital from its $2 billion open-end fund, the only one aimed solely at investing in education, senior living and storage.

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  12. CalPERS commits $1.35 billion to 4 managers

    trueCalPERS committed $600 million to two real estate partnerships, $500 million to a European opportunistic credit strategy and $250 million to a credit-focused investment strategy, said agenda materials for the investment committee’s Sept. 15 meeting.

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  13. Indiana signs Mercer as real estate consultant

    trueIndiana Public Retirement System, Indianapolis, hired Mercer as the $30.3 billion retirement system's real estate consultant.

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