USAA plans to invest $80m for its employee DC plan
USAA Insurance and Financial Services Co., on behalf of its USAA Employee Defined Contribution Plan, has plans to invest approximately $80 million into one or more direct real estate fund offerings. The firm is actively evaluating alternatives.
USAA aims to complete the evaluation and investment selection by the end of the year, according to Scott Stuckman, a senior officer at the USAA Real Estate Co. and a member of the advisory and selection committee for the USAA Employee Defined Contribution Board.
"USAA is very committed to incorporating direct real estate investment into it's Employee Defined Contribution Investment Portfolio for all the unique benefits that only direct real real estate can offer," says Stuckman.
The $80 million investment by the define