Real Estate
The $1.8 billion deal is expected to close in the second quarter.
The plan voted to terminate a REIT manager last week due to deteriorating performance and personnel concerns.
A Mid-Atlantic pension plan approved a 2021 private markets pacing plan at today’s board meeting.
A California plan approved private equity and real estate commitments with existing managers at yesterday’s board meeting.
A Texas guns and hoses plan expects to review a value-add real estate search in the coming months.
Board members expressed concern with the plan’s exposure to office and retail moving forward.
The plan disclosed the terminations and commitments, which were previously approved in closed session.
The commitments satisfy its 2021 pacing plan.
A new impact-driven minority-owned investment platform has launched with the help of a financial services company, a family office and a mission-aligned investment firm.
Alternatives will play an even more critical role in helping nonprofits reach spending plus inflation targets in 2021 as they seek income and downside protection that low-yielding bonds markets and equity markets cannot.
