Publications

Investors

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

Sign in Start Your Free Trial Now View Purchase Options

Illinois Municipal invests in European core real estate

by Andrea Waitrovich

The $34.7 billion Illinois Municipal Retirement Fund committed a total of €125 million ($140 million) to three European open-end core real estate funds on Aug. 26.

The pension fund approved commitments of €50 million ($55 million) each to CBRE Global Investors Pan European Core Fund, sponsored by CBRE Global Investors, and Invesco Real Estate European Fund, sponsored by Invesco Real Estate. In addition, IMRF allocated €25 million ($28 million) to Cornerstone Real Estate Advisers’ European Core Fund.

The pension fund had a 5.4 percent actual allocation to real estate as of June 30, with a target allocation to the asset class of 8 percent.

 

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?