JUNE 30, 2016

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Indiana pension fund commits $100m to industrial REITs

by Andrea Waitrovich

The $30 billion Indiana Public Retirement System has chosen BlackRock as a REIT manager. The pension fund awarded a $100 million mandate to BlackRock to invest in industrial-only real estate securities.

Indiana’s real estate portfolio is 6.4 percent of its total assets. Its real estate target allocation is 7 percent.

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