MassPRIM invests $100m in global REITs
Massachusetts Pension Reserves Investment Management Board has hired Presima for a $100 million global REITs mandate.
The manager selection was approved by the board of MassPRIM on Dec. 1, 2015, and the portfolio was fully invested as of Feb. 19, 2016.
The investment was made on behalf of the Pension Reserves Investment Trust Fund, a pooled investment fund that invests the assets of the Massachusetts Teachers’ and State Employees' Retirement Systems, and the assets of county, authority, district, and municipal retirement systems that choose to invest in the PRIT Fund.
Presima is a specialist boutique focused exclusively on global real estate securities.