Meghan Morris
The pension system is investing with a startup, but it has a long history with one of the firm’s founders.
Four executives have been promoted in the firm’s investment management business.
The $62bn pension system is quadrupling its co-investment allocations as part of an effort to reduce costs.
The newly-created position is part of JLL’s ambitions to be the largest capital advisory firm by team members next year.
One limited partner considers Fund X to be value-add, although it classified the vehicle’s predecessor as opportunistic.
Among property types, retail is the most advanced in its usage of data, with landlords embracing consumer tracking to shape investment strategy, says CBRE Global Investors’ co-head of research.
Last week’s 25 bps increase has little effect on real estate, and the asset class is prepared for further hikes, observers say.
The $351bn pension system approved a $600m increase to its real estate commitments for the current fiscal year, but its head of real assets explained why not all that capital may be invested.
The $351bn pension is seeking one or two office-focused managers for two US cities, the head of investment manager engagement programs told PERE.
The US REIT has suffered from problems including a poor return track record and nepotism, but after multiple failed bids, Brookfield is poised to accelerate development growth, analysts said.
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