Publications

- July 1, 2019: Vol. 31, Number 7

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Investors increase allocations to real estate

by Kali Persall

Several institutional investors have increased their target allocations to real estate in recent months.

The $79.51 billion New Jersey Division of Investment will increase its target allocation to real estate from 7.25 percent to 7.5 percent. New Jersey’s real estate portfolio comprises equity- and debt-related real estate investments.

In addition, the $65.3 billion Alaska Permanent Fund Corp. is looking to increase its target allocation to real estate to 13 percent by 2021, according to May 22 board meeting documents. The sovereign wealth fund’s current target allocation to real estate is 11 percent, but APFC plans to increase that number to 13 percent by 2021.

APFC’s real estate investment strategy targets a manifold of investment styles, ownership structures, property lifecycles and property types. The portfolio has historically been core-focused; however, the current strategic plan has incorporated more noncore investments as of late in order to divers

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