Investors - MAY 30, 2013

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

Sign in Start Your Free Trial Now View Purchase Options

Texas ERS plans $345 million in real estate commitments in fiscal year 2014

by Sara Kassabian

The $23.8 billion Texas Employees Retirement System (ERS) has outlined a plan to invest up to $1.13 billion in real estate by 2017, according to minutes for the May 21, 2013, board of trustees and investment advisory committee meeting.  

In fiscal year 2013, Texas ERS invested $207 million in three real estate funds, and will be closing on a fourth commitment in the upcoming weeks, bringing its total investments to approximately $280 million.

The investment committee projects investments of $345 million in fiscal year 2014, divided between anywhere from three to 14 deals. Approximately $120 million will be invested in opportunistic funds, $150 million in value-added strategies and $75 million in core strategies. In the near term, the investment committee plans to look for oppor

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