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KPERS commits $50m to real estate

by Zoë Wolff

The $16.5 billion Kansas Public Employees Retirement System has committed $50 million to Jamestown Premier Property Fund, according to Kristen Basso, communications officer for the pension fund.

The core open-end real estate fund targets office, retail and mixed-use properties in Boston, Los Angeles, New York City, San Francisco, and Washington, D.C. The fund has received commitments from numerous other pension funds, including the New York State Common Retirement Fund, the Los Angeles City Employees’ Retirement System and the California State Teachers’ Retirement System.

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