Wisconsin sets aside $500m for real estate
The $89.9 billion State of Wisconsin Investment Board is planning to invest approximately $500 million in real estate between now and the end of 2015, according to recent board meeting documents. The investment board discussed its 2015 strategy at its June 10 meeting. SWIB is interested in investing in separate accounts or joint ventures and wants to focus on value-added strategies with fast execution. Investments could be existing properties that need improvements or new developments. Already this year, SWIB has invested $672 million in core, value-added and opportunistic strategies. The investment board has a 7 percent target allocation to real estate.