Maine PERS Plans for Real Estate Changes
By Editorial Staff | June 26, 2009 | Leads Database
The Maine Public Employees’ Retirement System is expected to increase its investments in public real estate, and include opportunistic funds in its portfolio.
According to IPE Real Estate, Andrew Sawyer, CIO at Maine PERS said the system would be considering a “variety of new investment strategies for the future.”
Recently hired real estate consultant ORG Real Property will assist the plan with its investments in the asset class. Reportedly, Maine PERS has a real estate portfolio valued at $370 million. It allocates 10% of its overall assets to real estate.
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