Investors - JUNE 25, 2015

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

Sign in Start Your Free Trial Now View Purchase Options

Illinois commits $30m to real estate

by Zoë Wolff

The Illinois State Board of Investment has committed $30 million to Oak Street Real Estate Capital Fund III, according to William Atwood, executive director.

This is the $15.7 billion board of investment’s first investment with Oak Street Real Estate Capital.

Atwood says, “The board felt that the firm’s low volatility/high cash flow strategy, focused on triple-net leases, would be complementary to the core equity portfolio.”

The $35.6 billion Illinois Municipal Retirement Fund committed $25 million to the fund earlier this month.

ISBI has a 10 percent target allocation to real estate; the investment board’s actual allocation to the asset class is 9.7 percent.

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