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Sign in Sign up for a FREE subscriptionNYSTRS rehires Adelante Capital Management
New York State Teachers’ Retirement System (NYSTRS) has renewed its contract with Adelante Capital Management to manage a portion of the System’s assets by actively investing in U.S. securities of real estate investment trusts (REITs) and real estate operating companies (REOCs), for one year, effective July 1, 2019.
At its January meeting, NYSTRS renewed its agreement with Cohen & Steers Capital Management to manage a portion of the system’s assets in REITs and REOCs, for one year, effective Feb. 12, 2019.
The pension fund’s total real estate investment portfolio totaled $23.7 billion as of Dec. 31. A majority of its direct equity in real estate investments is in retail, totaling $2.43 billion, followed by office investments, totaling $1.61 billion.
