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Louisiana Teachers allocates 2% for REIT strategy

by Jody Barhanovich

The $16.3 billion Teachers’ Retirement System of Louisiana has created a 2 percent allocation within its portfolio to invest in REITs. The pension fund will be conducting a manager search next year to help invest some of the capital. The search will be brought to the pension fund’s board for approval at its June 2017 board meeting, and a final decision on the mandate will be made Sept. 8, 2017. Louisiana Teachers recently committed $50 million each to Crow Holdings Realty Partners VIII and Harbert U.S. Real Estate Fund VI earlier this month. In October, the pension fund committed $125 million to two real estate funds, including $75

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