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Oregon PERF commits $250m to Morgan Stanley fund

by Jody Barhanovich

The $68.5 billion Oregon Public Employees Retirement Fund has committed $250 million to Morgan Stanley Prime Property Fund.

Morgan Stanley Prime Property Fund is a core open-end fund managed by Morgan Stanley. The commingled real estate equity fund is diversified by property type and location, and designed to provide a stable, income-driven rate of return over the long term with the potential for growth of net investment income and appreciation of value. It invests in U.S. office, hotel, industrial, multifamily, retail and warehouse properties.

Additionally, Oregon PERF committed $300 million to the JP Morgan Strategic Property Fund in November 2016.

OPERF has a target allocation to real estate of 12.5 percent.

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