Arizona State Retirement sets aside $1.2B for real estate

2013_asrs_flag_signature_SQUARE-LOWRES_1By 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.

Continued:

Share this!

Additional Articles

News Categories

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.