Managers of the $52.7-billion fund announced last year that they would review its strategy regarding allocations to two REITs totaling $785.8 million, IPE Real Assets reported. The system has $4.1 billion in real estate. Consultant firm Meketa Investment Group said tapping REITs was more helpful when real estate allocations were growing. But that the pension system is now “approaching the 10-percent long-term target allocation and can invest primarily in core and non-core real estate.” The […]
source https://therealdeal.com/national/2019/05/25/maryland-pension-cuts-reits-out-of-portfolio/#new_tab
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