U.S. investment council commits $50m to real estate, plans additional commitments in 2015

The $20 billion New Mexico State Investment Council has committed $50 million to Almanac Realty Securities VII and is looking to commit $300 million to $350 million more to real estate in 2015 as it brings its 7 percent current allocation to real estate closer to its 10 percent target allocation, according to Charles Wollman, NMSIC director of communications.

“Almanac has been a strong performer for us in our previous commitments and offers a strategy we believe will provide for downside protection,” Wollmann added in an email. “Its team has also proven itself successful through various market cycles.”

NMSIC committed to Fund IV in the Almanac series, and committed $50 million to Fund VI in 2012, according to IREI’s FundTracker Database.

ARS VII has been popular among U.S. institutional investors in the past 30 days, receiving