MassPRIM outlines 2020 RE portfolio plans

The Boston-based public pension will commit up to $1.6 billion out of its real estate and timber portfolio in the coming year.

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Institution: Massachusetts Pension Reserves Investment Management Board
Headquarters: Boston, United States
AUM: $79.08bn
Allocation to alternatives: 24.0%
Bitesize: $50-100m

Massachusetts Pension Reserves Investment Management Board set out its 2020 real estate investment plans at its February 2020 investment committee meeting, according to documents seen by PERE.

MassPRIM is intending to commit up to $1.6 billion in private capital from its real estate and timber portfolio in the 2020 calendar year. This amount includes $640 million in outstanding commitments to 2019-vintage separate accounts.

The $79.08 billion US public pension has a 10.0 percent target allocation to real estate that currently stands at 9.50 percent.

Elsewhere, MassPRIM will also increase its pipeline activity in two burgeoning specialty property types in 2020: life sciences and senior housing.

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