Iowa Public Employees’ Retirement System, Des Moines, hired PMRealty for a $100 million core separate account real estate portfolio, pending contract negotiations, according to Patrick Reinhardt, investment officer for the $15.9 billion system. PMRealty is expected to complement the fund’s four existing real estate managers and assist in maintaining the system’s long-term strategic allocation of 5% to real estate. Funding will come from cash.
Iowa Public Employees' Retirement System, Des Moines, hired PMRealty...
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