Real Estate
Real estate commitments fell in the second quarter as rising interest rates and property pricing begin to impact sector.
The plan redeemed an absolute return investment and disclosed five private markets commitment.
The plan will invest up to $1 billion in future Aimco-led multifamily developments.
The plan concluded two manager searches this week.
The fund added a real estate commitment with an existing manager at a special board meeting this summer after adding three open-end real estate funds in May.
The plan will issue RFPs following adoption of a new asset allocation in June.
Plan added $145.4 million in alternatives commitments through the first half of the year.
The fund will continue the firm’s value-add transitional lending strategy.
He will be responsible for all aspects of the acquisition process.
The plan is also working to narrow its infrastructure manager search.