Publications

Investors - OCTOBER 14, 2019

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

Sign in Sign up for a FREE subscription

San Jose commits $340m to core real estate funds

by Kali Persall

Pension funds for the city of San Jose, Calif. have disclosed $340 million of core real estate commitments to funds managed by BlackRock and Clarion Lion, according to investment officer Dhinesh Ganapathiappan.San Jose will commit $200 million to BlackRock U.S. Core Property Fund and $140 million to Clarion Lion Properties Fund.

The commitments were dispersed via four of the city’s pension plans: San Jose Federated City Employees’ Retirement System, San Jose Federated Retiree Health Care Trust Fund, San Jose Police and Fire Department Retirement Plan, and San Jose Police and Fire Retiree Health Care Trust Fund.

The investments follow several others made by San Jose pension funds in recent months, including $18 million from the Police and Fire Department Retirement Plan and $10 million from the Federated City Employees’ Retirement System, made to DRA Advisors’ Growth

Forgot your username or password?

We use cookies and other tracking technologies to personalize your user experience on our site and perform site analytics. By clicking on “I accept”, you consent to our Privacy Policy.