Illinois SURS picks JPMAM, Heitman for real estate

Illinois State Universities Retirement System, Champaign, hired J.P. Morgan Asset Management (JPM) and Heitman for core real estate, committing $300 million total, according to a SURS statement.

SURS, which oversees $14.3 billion in defined benefit assets, awarded $150 million each to J.P. Morgan's JPMCB Strategic Property Fund and the Heitman America Real Estate Trust.

SURS began the search in September.

Further information wasn't available. Daniel L. Allen, SURS chief investment officer, couldn't be reached.