By Jon Peterson | I&P Real Estate
The Arizona State Retirement System is to invest $1.2B in real estate this year after upping its allocation to the sector, according to a recent document.
The U.S. pension fund allocated $550M-750M to new managers, $100M-200M to close-end funds and $100M-300M to existing separate account managers.
The pension fund had considered increasing its allocation from 8 percent to 10 persent at the end of last year.
Arizona State has been investing in specific non-core strategies in recent years, as well as in funds investing in multiple asset types.
