Alternatives
Ohio Police & Fire to Invest up to $100M in Industrial Real Estate Fund
The $22 billion pension fund is looking to boost its real estate assets closer to its target allocation.
Tag: Real Estate
Asset Allocation
Norges Bank Buys 92% Stake in Spanish Shopping Center Portfolio
It is the second time in two months Norway’s $2.4T sovereign wealth fund invested in shopping centers—and only the third time ever.
Asset Allocation
Institutional Investors Regain Interest in Commercial Real Estate
A CRE rebound is driving institutional capital back into the asset class, including office space.
News
MetLife Investment Management Names Real Estate Equity Strategies Head
Chris Aiken, formerly head of acquisitions, will report to Andrea Drasites after his predecessor moved to the Oxford Properties Group.
Newsmakers
Ex-New York Life Director Named CIO of Multifamily Real Estate Manager
Tampa, Florida-based American Landmark Apartments appoints Elizabeth Roy.
Asset Allocation
NYC Pension System to Invest $4B in Affordable Housing
The New York City Housing Investment Initiative, announced by Comptroller Mark Levine, would deploy $1 billion per year over the next four years.
Newsmakers
MetLife Investment Management Hires New Head of Real Estate, Agriculture From Blackstone
Beginning in October, Andrea Drasites will lead $108.9 billion in real estate investments at the asset manager.
Manager Selection
Australia’s REST Backs Nuveen Retail Property Fund With $250M
The asset manager raised $330 million from a trio of superannuation funds for its U.S. Cities Retail Fund.
Asset Allocation
Commercial Real Estate Investors See a Rebound Ahead
Leasing activity is picking up for a sector emerging from several years of headwinds.
Alternatives
Trump Suggests Ban on Institutional Investors Buying Single Family Houses
In an online post, President Donald Trump wrote that he intends the measure to mitigate the housing crisis resulting from an upward spiral of costs.
Pensions
Real Estate, Public Equities Boost CalPERS’ Climate Investments to $60B
The allocation is up from $53 billion in 2024 and $47 billion midway through 2023 while working toward its $100 billion goal.
Alternatives
Japan’s GPIF Creates Alts Database as It Expands Exposure to Asset Class
The pension giant’s alts holdings have ballooned to $27.3 billion from $1.3 million over the past decade, with room to grow.
Corporate Moves
Federated Hermes to Take 80% Stake in Multifamily Real Estate Manager
Maryland-based FCP will add a $3.8 billion platform brings Federated into the U.S. real estate market and expands its presence in private markets.
Asset Allocation
New York Pension Earmarks More Than $1B, Continues to Shun Public Equities
The New York State Common Retirement Fund has now gone nine of the past 11 months without allocating a dollar to public equities.
Asset Allocation
NBIM Acquires NYC Office Tower for $542.6 Million From CalSTRS, Silverstein
Norges Bank Investment Management will own 95% of 1177 Avenue of the Americas.