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State of Wisconsin Investment Board invests $574m in real estate
Investors - JUNE 14, 2019

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State of Wisconsin Investment Board invests $574m in real estate

by Kali Persall

The $119 billion State of Wisconsin Investment Board (SWIB) made six real estate investments totaling $574 million in the first quarter, according to recently released board meeting documents.

Capital commitments included $100 million to the Realterm Logistics Income Fund, managed by Realterm; $100 million to the Senior Housing Partnership Fund VI, managed by PGIM Real Estate; and $75 million to High Street Real Estate Fund VI, managed by High Street Realty Co.

Other recipients included Wilson Harbor Beach, Wilson 425 Park, and 135 Morrissey Holdings.

The pension fund invests in public and private equity and debt investments through REITs, joint ventures, commingled funds, separate accounts, LPs and LLCs.

SWIB targets an allocation of 60 percent to core, 20 percent to value-added and 20 percent to opportunistic investments. The pension fund has a 7 percent allocation to real estate.

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