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Sign in Sign up for a FREE subscriptionNew Jersey pension fund to increase real estate target to 7.5%
The $79.51 billion New Jersey Division of Investment (NJSIC) will increase its target allocation to real estate from 7.25 percent to 7.5 percent.
The real estate portfolio is comprised of equity-related real estate and debt-related real estate. It had a market value of $4.8 billion as of June 2018, and it consisted of investments in 54 limited partnerships that invest in global communities, as well as investments in publicly traded REIT securities.
