Nebraska Investment Council has proposed a real estate rebalancing for the Omaha School Employees’ Retirement System (OSERS), according to board meeting documents.
The pension fund is planning a redemption of $15 million from the open-ended JP Morgan Strategic Property Fund, to be reallocated to Clarion Partners Lion Properties Fund, an open-end, diversified core real estate fund with a portfolio of primarily institutional-quality real estate assets located throughout the United States.
In addition, $15 million of new capital would be allocated to PRISA, a U.S. diversified core fund managed by PGIM Real Estate.
PRISA is one of the oldest and largest U.S. core open-end commingled real estate funds. The vehicle invests primarily in core, well-leased, operating properties in the office, retail, industrial and apartment sectors, with a focus on income generation. PRISA also invests, to a lesser extent, in self-storage and other property sectors. The fund is geogra
