FEBRUARY 5, 2013

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

Sign in Start Your Free Trial Now View Purchase Options

NYSTRS appoints new managing director of real estate

The $90.9 billionNew York State Teachers' Retirement System (NYSTRS) has appointed David Gillan managing director of real estate. This was announced by NYSTRS on Jan. 31. Gillan succeeds John Virtanen, who has been named managing director of private equity for the retirement system.

As managing director of real estate, Gillan will oversee NYSTRS’ $15 billion global real estate investment portfolio. This includes direct property investments, global real estate funds and securities, and commercial lending.

As of Dec. 31, 2012, the retirement system’s real estate investments totaled $9.7 billion, comprising 10.8 percent of the NYSTRStotal investment portfolio. The real estate debt portfolio was $5.3 billion, or 5.7 percent of the total portfolio.

Gillan joined NYSTRS in 2001, initially

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