Investors - AUGUST 10, 2017

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TRSL plans to invest up to $400m in real estate throughout fiscal year 2018

by Jody Barhanovich

The $18.2 billion Teachers’ Retirement System of Louisiana plans to invest up to $400 million in real estate throughout fiscal year 2018, focusing on value-added strategies and debt investments, according to a board meeting document.

The pension fund estimates it will invest between $300 million and $400 million in real estate, according to a board meeting document. The pension fund’s consultant, Hamilton Lane, suggested that value-added strategies and debt investments would be the best opportunities for Louisiana Teachers.

The pension fund’s overall target commitment pace for fiscal year 2018 is $1.3 billion to $1.6 billion, according to the board meeting document.

In additional news, Louisiana Teachers has narrowed its search for managers to oversee investments in global REITs to six finalists: AEW, Brookfield, CenterSquare, Cohen & Steers, Dimensional Fund Advisors, and Principal Real Estate Investors.

Louisiana Teachers has a target allocati

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