Real Estate
The retirement system also hired two value-add real estate managers today.
The retirement system made five commitments totaling roughly $218 million last week.
The plan made up to $90 million in commitments at today’s board meeting.
The plan will discuss the options for reallocating the proceeds at a future board meeting.
The pension plan will consider several alternatives commitments at its board meeting next week.
The pension plan is seeking value-add real estate managers to handle up to $12 million.
The retirement system approved three real estate commitments totaling $45 million this week.
The retirement association was notified of credit, private equity and real estate commitments last week.
The state retirement systems expanded upon an existing real estate manager relationship to establish a new separate account.
The trust will commit $100 million in total this year.
