Dallas Employees' Retirement Fund put real estate investment trust manager Security Capital Research & Management on watch for six months because of performance, recently released draft board meeting minutes show.
As of June 30, the $3.3 billion pension fund had $97 million invested with Security Capital and had a 5% REIT target.
A Security Capital official referred inquiries to parent company J.P. Morgan Asset Management. A J.P. Morgan spokeswoman declined to comment.
Cheryl Alston, the pension fund’s executive director, could not be reached for additional information by press time.