MassPRIM discloses plans for real estate, timber in 2023

The Massachusetts Pension Reserves Investment Management (MassPRIM), a pension fund for the Commonwealth of Massachusetts, has unveiled its goals and objectives for the real estate and timber asset classes.

The pension fund is aiming to hire an investment analyst and complete a review of MassPRIM’s procurement and approval processes for real estate equity, real estate debt and timberland.

MassPRIM is also planning to continue to source and allocate capital to diverse investment managers and implement its emerging diverse manager program for real estate. The pension fund also will continue to execute its internal real estate management strategy, consistent with the 2019 board-approved plan to allocate up to 15 percent of total real estate net asset value.

In addition, MassPRIM aims to source high-quality operating partners and investment opportunities and expand relationships with existing investment managers and operating partners. The pension plan is also see