Real estate

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  1. 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.

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  2. 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.

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  3. 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.

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  4. 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.

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  5. Houston Municipal commits to Angelo Gordon fund

    trueHouston Municipal Employees Pension System committed $20 million to AG Realty Fund IX/

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  6. 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.

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  7. 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.

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  8. 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.

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  9. PennSERS moving $200 million to real estate, private equity funds

    truePennsylvania State Employees' Retirement System committed up to $200 million to four alternatives funds.

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  10. 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.

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  11. 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.

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  12. 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.

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  13. 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.

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  14. 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.

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