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Illinois SURS earmarks $195 million to non-core real estate
trueIllinois State Universities Retirement System committed $195 million total to four non-core real estate managers.
Alameda County chooses Callan as new real estate consultant
trueAlameda County Employees' Retirement Association hired Callan Associates as real estate consultant.
Loan deadline sparks frenzy in real estate fundraising
trueReal estate managers predict investors seeking income will find opportunities in the wave of real estate loans - mostly underlying commercial mortgage-backed securities maturing over the next three years - that will need to be refinanced or restructured.
Good returns offer foundations breathing room
truePrivate foundations are enjoying several years of good returns for their investment portfolios, allowing them to focus more on the things that other institutions do, such as diversifying their investments and looking at outsourcing.
Commercial MBS market showing signs of life
trueThe commercial mortgage-backed securities market is expected to grow between $150 billion and $200 billion in the next three years, buoyed by pre-crisis CMBS coming due that will need to be refinanced or restructured.
NCREIF ODCE index returns 3.15% net of fees in first quarter
trueThe NCREIF Open‐end Diversified Core Equity index returned 3.39% before fees in the first quarter of 2015, up slightly from the previous quarter (3.26%) and up from 2.52% in the first quarter last year.
Milken conference: Real estate, housing seen as bright spots for U.S. in 2015
trueUncertainty about when the Federal Reserve will begin to consider raising interest rates is a continued distraction, but the U.S. does have some bright spots like real estate and housing, panelists at the Milken Institute Global Conference said Tuesday.
TIAA-CREF to acquire remaining 40% TH Real Estate stake from Henderson
trueTIAA-CREF will acquire the remaining 40% stake it doesn’t own in TIAA Henderson Real Estate, the London-based joint venture it launched a year ago with Henderson Global Investors, for £80 million ($119.7 million).
Indiana Public Retirement puts $450 million with 6 managers, considers new asset allocation
trueIndiana Public Retirement System committed and invested $450 million total with six managers.
Farmland returns 2.08% in Q1
trueThe NCREIF Farmland index returned 2.08% in the first quarter -- its lowest first-quarter return since 2010, when the index gained 1.11%.
South Carolina commits $375 million to 2 real estate funds
trueSouth Carolina Retirement System Investment Commission committed a total of up to $375 million to real estate managers on behalf of the $29.5 billion South Carolina Retirement Systems.
Ohio School Employees makes $75 million real estate commitment
trueOhio School Employees Retirement System committed $75 million to Lubert-Adler Real Estate Fund VII, a non-core real estate fund managed by Lubert-Adler Partners.
Arizona State Retirement earmarks $100 million for Blackstone
trueArizona State Retirement System committed $100 million to Blackstone Real Estate Partners VIII, managed by Blackstone Group.
Lubbock Fire Pension Fund makes Blackstone commitment
trueLubbock (Texas) Fire Pension Fund committed $10 million to the Blackstone Real Estate Income Fund.
TIAA Henderson Real Estate appoints head of Asia-Pacific business development
trueCarsten Kebbedies was named head of business development, Asia-Pacific for TIAA Henderson Real Estate in Singapore.