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Investors - MAY 11, 2022

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Mississippi PERS slates $50m for TA Realty Core Property Fund

by Kali Persall

The Public Employees' Retirement System (PERS) of Mississippi has committed $50 million to TA Realty Core Property Fund, an open-end core real estate fund managed by TA Realty.

TA Realty’s core open-end strategy aims to construct and operate a diversified portfolio of institutional-quality, core real estate holdings in major U.S. metropolitan areas, with an emphasis on steady income generation.

The vehicle opened to investors in 2018 and was added to the National Council of Real Estate Investment Fiduciaries’ (NCREIF) Open-end Diversified Core Equity Index (NFI-ODCE) in 2020.

The NFI-ODCE is a capitalization-weighted, gross of fee, time-weighted return index. At the time of TA’s addition, NFI-ODCE consisted of 25 funds, totaling $206.4 billion of net real estate assets.

Mississippi PERS could not be reached to comment on its investment at the time of publication. IREI understands the commitment was part of a long-term plan to invest a total of $300

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