REAL ESTATE
KEY PORTFOLIO FIGURES
11%
FY25 Target Asset Allocation
$9.3 B
NET ASSET VALUE
as of June 30, 2024
6%-8%
Target ReturnS
MANDATE
To achieve diversification and return objectives, the real estate investment strategy targets a mix of investment styles, ownership structures, property life cycles and property types.
The Portfolio is invested within the guidelines of the APFC Investment Policy with a focus on steady cash flow and preservation of capital.
MANAGERS AND PARTNERS
Equity Separate Accounts
Apartment Investment and Management Company
CBRE Global Investors EMEA AIFM
CBRE Investment Management
CS Capital Management
Heitman Capital Management
L&B Realty Advisors
LaSalle Investment Management
Lincoln Property Company
Sentinel Realty Advisors Corporation
Equity Funds & Coinvestments
Brookfield Asset Management
CBRE Investment Management
Clarion Partners
Fairfield Residential Holdings
H.I.G. Global Capital Partners
Harbert Management Corporation
Realterm Logistics
Debt Separate Accounts & Funds
Crow Holdings Capital
Heitman Capital Management
Kayne Anderson
Mesa West Capital
REIT Separate Accounts
AEW Capital Management
Mellon Investments Corporation
PERFORMANCE
The benchmark for the Portfolio 85% NCREIF Property Benchmark (Lagged) and 15% MSCI US REIT Index.
Performance reports for the portfolio can be found in the monthly performance reports and in the board meeting packets.