Investors - AUGUST 25, 2014

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

Sign in Start Your Free Trial Now View Purchase Options

Rhode Island to invest up to $380m in real estate

by Reg Clodfelter

The $8.2 billion Employees’ Retirement System of Rhode Island is looking to invest $100 million into core real estate in each of the next two years and $180 million into noncore real estate over the next two years in an effort to continue to invest toward a 75/25 core/noncore split, according to its latest real estate pacing plan.

The real estate portfolio, which exceeded its benchmark in 2013 with a 13 percent return despite a focus on core funds, represents about 5–6 percent of the total ERSRI portfolio including unfunded commitments from the past 18 months, still short of the 8 percent target allocation to the asset class. ERSRI’s real estate portfolio is slightly underweight to retail, industrial and apartments and slightly overweight to hotel and office, noted David Glickman of Pension Consulting Alliance, the pensio

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