Investors - APRIL 3, 2017

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

Sign in Start Your Free Trial Now View Purchase Options

UPDATED: PSERS commits $300m to real estate funds

by Jody Barhanovich

CORRECTION: On March 15 IREN reported Pennsylvania Public School Employees’ Retirement System's real estate consultant was NEPC. The pension fund's real estate consultant is Courtland Partners.


The $50.2 billion Pennsylvania Public School Employees’ Retirement System committed $300 million to two real estate funds, according to a board-meeting document.

The pension fund invested $100 million into Ares U.S. Real Estate Fund IX, a real estate fund managed by Ares Management. The value-added fund will primarily invest in U.S. office, hotel, industrial, multifamily and retail properties.

PSERS committed $75 million to the fund’s predecessor, Ares U.S. Real Estate Fund VII

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