Investors - MAY 26, 2016

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New Jersey commits $100m to real estate

by Zoë Wolff

The $79.2 billion New Jersey Division of Investment has committed $100 million to Focus Healthcare Partners Fund I, according to recent meeting documents.

The fund invests in senior housing, medical office and other specialty healthcare properties throughout the United States.

The pension fund has a 6 percent target allocation to real estate and a 6.3 percent actual allocation to the asset class.

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