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New York State Teachers increases investment with Donahue Schriber
trueNew York State Teachers’ Retirement System made an additional investment of $125 million to Donahue Schriber Realty Group.
Illinois Municipal adds to AEW, Invesco core real estate funds
trueIllinois Municipal Retirement Fund, Oak Brook, committed an additional $70 million to AEW Core Property Trust (U.S.), managed by AEW Capital Management, and an additional $30 million to Invesco Core Real Estate (USA).
New Jersey slates nearly $2 billion in commitments, including $1 billion to Blackstone
trueNew Jersey Division of Investment, which manages investments for the $76.8 billion New Jersey Pension Fund, is expanding its relationship with Blackstone Group, adding several new commitments worth up to $1.05 billion.
San Antonio Fire & Police putting $60 million into private debt, real estate funds
trueSan Antonio Fire & Police Pension Fund committed $60 million total to five funds.
San Luis Obispo County slates $30 million for open-end real estate fund
trueSan Luis Obispo County (Calif.) Pension Trust committed $30 million to American Strategic Value Realty Fund, a value-added, open-end real estate fund managed by American Realty Advisors.
NCREIF Property index up 11.82% in 2014, surpassing prior year's returns
trueReal estate investments’ fourth-quarter return of 3.04% was the highest quarterly return in 2014, the National Council of Real Estate Investment Fiduciaries’ NCREIF Property index shows.
Timberland posts highest annual return since 2007
trueThe NCREIF Timberland index returned 10.48% in 2014 -- its highest return since 2007. Last year's return consisted of 7.46% price appreciation and 2.86% income return.
El Paso City Employees could change U.S. REIT portfolio to global strategy
trueEl Paso (Texas) City Employees’ Pension Fund is considering moving to a global real estate investment trust portfolio from its current $23 million domestic portfolio to improve diversification.
Harrison Street closes fifth opportunistic real estate fund with $1 billion in commitments
trueHarrison Street Real Estate Capital raised about $1 billion in its fifth opportunistic real estate fund and co-investment vehicle.
Texas Teachers commits $2.36 billion
trueTexas Teacher Retirement System, Austin, committed a total of $2.36 billion to 16 private market funds and co-investment vehicles in the quarter ended Dec. 31, a transaction report provided to Pensions & Investments showed.
Chicago Transit Authority goes with Mesirow real estate fund
trueChicago Transit Authority Employees Retirement Plan committed $25 million to Mesirow Financial Real Estate Value Fund II.
Ohio Bureau of Workers' Compensation mulls doubling real estate target
trueOhio Bureau of Workers' Compensation, Columbus, is considering doubling the real estate target allocation for its $24 billion State Insurance Fund.
Farmland returns 12.6% in 2014
trueFarmland returned 12.63% in 2014, as measured by the NCREIF Farmland index. The return was down from its 20.93% return posted in 2013, but in line with its long-term average of 12.89% over the last 20 years.
Real estate managers, investors turning to secondary markets — conference panel
trueReal estate money managers are looking to cities and regions they wouldn't have considered 12 months ago, said panelists speaking at IMN's 12th Annual Winter Forum on Real Estate Opportunity & Private Fund Investing in Laguna Beach, Calif.
IMN conference: Real estate managers exploring smaller open-end funds
trueReal estate money managers are starting to investigate creating smaller open-end funds, said James G. Tod, partner at consulting firm KPMG, during a panel on Thursday at IMN’s 12th Annual Winter Forum on Real Estate Opportunity & Private Fund Investing Conference in Laguna Beach, Calif.