Utah State University, Logan, is contemplating an initial move into real estate for its $43 million endowment, said Clint Moffitt, assistant vice president for finance. Endowment officials have discussed the possibility of investing about $3 million in REITs, but Mr. Moffitt said the amount is not final and other real estate strategies could be considered. The investment committee will discuss the matter at a meeting in mid-May, and if it approves a real estate investment, the fund could search for a manager in late summer or fall. Funding would likely come from trimming bond investments; no manager would be terminated, Mr. Moffitt said.
Smith Barney is assisting.