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NYSTRS hires CBRE Global Investors

by Andrea Waitrovich

The $109.2 billion New York States Teachers’ Retirement System has hired CBRE Global Investors to manage a separate account for the acquisition and disposition of U.S. commercial real estate investments, according to a summary and meeting materials from the Aug. 2 board meeting.

The allocation size was not provided.

In addition, the pension fund approved a 1 percentage point reduction to real estate debt to 7 percent.

 

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