Montana State University Foundation, Bozeman, is contemplating adding a real estate allocation to its $75 million investment pool, said James Ness, treasurer and CFO. Foundation officials are looking to diversify investments, and this would be its first foray into real estate. The investment committee could discuss the matter further at a meeting early in the summer. Mr. Ness noted that foundation officials might need to change the investment policy to permit real estate investment.
If the investment committee decides to move forward with a real estate investment, consultant Monticello Associates would likely compile a shortlist of candidates. It's too early to comment on the amount to be invested or a funding source, he said.