Missouri pension fund invests $4m in core real estate
The $37 million Joplin (Mo.) Policeman’s and Fireman’s Pension Plan has invested $4 million in a core, open-end commingled fund managed by American Realty Advisors.
American Core Realty had raised $3.94 billion as of October 2014. The fund invests in institutional-quality multi-tenant office, industrial, retail and multifamily properties in or near major metropolitan markets in the United States.
This is the pension fund’s first real estate investment