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Missouri pension fund invests $4m in core real estate

by Zoë Wolff

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

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