JULY 22, 2013

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

CRPTF searches for core real estate manager

by Sara Kassabian

The $25.9 billion Connecticut Retirement Plans and Trust Funds (CRPTF) has plans to select an open-end core real estate fund (OECF) manager, and the pension fund will commit approximately $275 million to the finalist.

The allocation can grow or shrink depending upon the overall size of the Combined Investment Funds (CIF), says David Barrett, communications director at the Office of the Treasurer in Connecticut. The investment in core strategies has been pegged to a target percentage of real estate in the CIF.

“This is a dynamic number, as you can imagine, and the ability to move monies in and out of OECF real estate funds allows us to tactically rebalance our exposure as needed, per the Investment Policy Statement,” says Barrett.

CRPTF reviewed presentations from the J.P. Morgan Chase Strategic Property Fund, Prudential Property Investment Separate Account LP and UBS Trumbull Proper

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy