Publications

AUGUST 21, 2013

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

Sign in Start Your Free Trial Now View Purchase Options

Illinois TRS plans to invest $600 million in real estate

by Andrea Waitrovich

The $39.6 billion Teachers’ Retirement System of the State of Illinois (TRS) has increased its real estate investments for the 2013–2014 fiscal year to $600 million from the previous year’s target amount of $400 million.

Illinois TRS’s real estate commitments for the 12 months ended March 31, 2013, totaled $538 million.

The strategy for the coming year will be diversified and will target multiple risk profiles — core, value-add and opportunistic — throughout the United States, Europe and Asia. The strategy may include all property types.

The over-arching goal for the 2014 tactical plan is to bring the Illinois TRS real estate portfolio closer to its long-term target allocation for real estate of 14 percent of all assets. Currently the real estate allocation totals $4.6 billion, or 11.7 percent. For the 12-month period through March 31, 2013, the Illinois TRS

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?