Real Estate
The religious institution adjusted the targets for its investment fund and socially responsible investment fund.
The 529 plan added emerging markets equity and global REIT strategies within its portfolio of age-based investment options.
He is responsible for sourcing and underwriting private real estate opportunities.
The plan disclosed 14 recent commitments and an equity manager termination.
The plan made commitments to three existing managers and investments with three developed markets equity managers.
Plan will target $150 million in non-core real estate commitments in fiscal year 2022-2023.
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.