Alaska Permanent adds to real estate fund
By Kevin Olsen | November 6, 2012 1:22 pm
Alaska Permanent Fund Corp., Juneau, made an additional commitment of $200 million to real estate fund American Homes 4 Rent at a special board meeting Monday, confirmed spokeswoman Laura Achee.
The real estate fund purchases packages of vacant homes and manages them as rental properties.
The $42.3 billion sovereign wealth fund previously committed $400 million to the portfolio in May.
The commitment is part of the Alaska Permanent's special opportunities portfolio, which has an 18% target allocation.