Investors - MAY 18, 2018

University of Michigan commits $40m to hotel fund

by Jody Barhanovich

The University of Michigan’s endowment has committed $40 million to Magna Hotel Fund VI.

The real estate fund, managed by Magna Hospitality Group, will invest in hotel properties in North America.

The University of Michigan has a target allocation to real estate of 8.7 percent. ​

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