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CalPERS will find it tough to sustain strong real estate returns, consultant says
trueIt is unlikely that CalPERS' $25.6 billion real estate portfolio will be able to sustain the strong returns produced in the last three years, said a report by the $296 billion pension fund's real estate consultant, Pension Consulting Alliance.
Hermes hires head of real estate debt
trueVincent Nobel was appointed head of real estate debt at Hermes Investment Management.
Cook County puts $70 million in Adelante REIT strategy
trueCook County Annuity & Benefit Fund’s board on Thursday approved the hiring of Adelante Capital Management to run $70 million in its total return U.S. REIT strategy, said Fernando Vinzons, investment officer at the $8.9 billion pension fund.
NCREIF research director joins CBRE Group
trueJeffrey R. Havsy, director of research at the National Council of Real Estate Investment Fiduciaries, will join CBRE Group on Dec. 1 as chief economist-Americas, Mr. Havsy said.
Metropolitan District Commission seeks managers for 7 strategies
trueMetropolitan District Commission, Hartford, Conn., is looking for managers to run a total of $170 million across seven strategies for its $200 million pension fund, said William Dahab, principal and director of research at Dahab Associates, investment consultant for the commission.
Houston Municipal commits to Angelo Gordon fund
trueHouston Municipal Employees Pension System committed $20 million to AG Realty Fund IX/
CBRE picks up former Texas Teachers real assets manager for new post
trueNathan Zinn joined real estate money manager CBRE Global Investors as a managing director within the U.S. managed accounts group.
New York State Teachers puts up to $520 million in private equity, real estate
trueNew York State Teachers’ Retirement System made up to $380 million in private equity commitments and $140 million in real estate commitments and investments.
Dallas Police & Fire board looks to get out of direct real estate
trueDallas Police & Fire Pension System is taking a look at its direct ownership real estate investments after losing about $200 million on the investments.
PennSERS moving $200 million to real estate, private equity funds
truePennsylvania State Employees' Retirement System committed up to $200 million to four alternatives funds.
Rockefeller Group taking majority stake in TA Realty
trueReal estate firm The Rockefeller Group is acquiring a majority interest in real estate money manager TA Realty.
NYSTRS real estate returns as of June 30
trueThe New York State Teachers’ Retirement System’s real estate investment portfolio returned 12.1% for the year ended June 30. According to the fund's latest investment committee report, the portfolio has returned 8.5% annually over the past 10 years and 9.6% since inception.
Texas Municipal taps Albourne as real-return, absolute-return consultant
trueTexas Municipal Retirement System hired Albourne America as its first real-return and absolute-return consultant.
Oklahoma Police earmarks $50 million for real estate, private equity
trueOklahoma Police Pension & Retirement System committed a total of $50 million to three alternatives managers.
Private real estate returns 2.63% in third quarter
truePrivate real estate returned 2.63% in the third quarter, as measured by the National Council of Real Estate Investment Fiduciaries Property index. The return was made up of a 1.31% income return and a 1.32% appreciation return.