CTPF rebalances real estate core portfolio

The US public pension has approved activities for FY2019.

Chicago Teachers’ Pension Fund has allocated $85 million to PGIM PRISA II, $60 million to LaSalle Property Fund and $55 million to Clarion Lion Industrial Trust.

The $11 billion US public pension has a 9 percent target allocation to real estate that currently stands at 7 percent.

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