Publications

Investors - OCTOBER 7, 2014

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

North Carolina to invest up to $1.75b in real estate annually through 2016

by Reg Clodfelter

The North Carolina Retirement Systems is looking to invest $300 million to $750 million annually in noncore real estate through 2016 and $700 million to $1 billion annually in core real estate over the same period. The $104 billion pension plan is transitioning toward its target of 5 percent of total assets invested in core real estate and 3 percent in noncore. Currently, 3 percent of NCRS’ total assets is invested in core real estate and 4.7 percent is invested in noncore real estate.

In 2014 and 2015, the pension plan is planning between $500 million and $750 million of new noncore real estate commitments. The new commitments are expected to focus on a number of different investment themes, including taking advantage of distress in Europe, focusing on managers that emphasize current income, exploring sales of secondaries, focusing on managers who apply a “rifle shot approach”, as well as exploring some build-to-core development in either the multifa

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy