Illinois Municipal commits $50m to real estate
The Illinois Municipal Retirement Fund committed $50 million to Buckhead Properties on April 23, according to Megha Kauffman, senior communications specialist for the pension fund. Buckhead Properties is managed by TA Realty Associates and focuses on acquiring and operating core industrial properties in the United States. The $36.5 billion pension fund is hoping to grow its allocation to real estate, which is currently 5.7 percent. Its target allocation to real estate is 8 percent.