Kansas PERS approves $250m of new real estate investments

April 3, 2020

Kansas Public Employees Retirement System (PERS) is going ahead with plans to invest $250m (€228m) in real estate funds, despite growing economic and market uncertainty surrounding the COVID-19 pandemic.

 

The pension fund will commit $200m to the open-ended diversified fund CBRE US Core Partners and $50m to the value-add apartment fund Waterton Residential Property Venture XIV.

Kansas PERS told IPE Real Assets: “As an institutional investor with a very long-term time horizon, the system deems it prudent to continue to deploy capital in a well diversified portfolio, expecting that current financial market volatility may present attractive investment opportunities.”

 

Last week, Douglas Weill, co-founder and co-managing partner of Hodes Weill, told IPE Real Assets that many US pension funds were continuing to make real estate commitments where they were already at advanced stages.

 

Read the full article here.

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All U.S. regulated capital market and securities advisory services are provided by Hodes Weill Securities, LLC, a registered broker-dealer with the SEC, and a member of FINRA and SIPC, and internationally, by non-U.S. Hodes Weill affiliates.