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Sep 16, 2024 | 
irei.com | Lewis Dayton
Looking back at headlines from 2019, 2020, 2021, there are plenty of articles proclaiming the downfall of in-store retail. Doomed to disappear, supposedly, were a mass of brick-and-mortar locations. Ecommerce’s rocketing toward making up 17 percent of all retail sales during the pandemic was a signal to some that the retail apocalypse was here. Three years later, quite a different picture is coming into focus.
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Aug 30, 2024 | 
irei.com | Lewis Dayton
With the bid-ask spread beginning to narrow and asset repricing settling in for various property sectors, many investors are gauging how their managers can best manage downside risk, create upside potential and ensure their money is safe. Important to operating effectively in this environment is the investment strategy being employed.
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Aug 15, 2024 | 
irei.com | Lewis Dayton
With the bid-ask spread beginning to narrow and asset repricing settling in for various property sectors, many investors are gauging how their managers can best manage downside risk, create upside potential and ensure their money is safe. Important to operating effectively in this environment is the investment strategy being employed.
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Aug 8, 2024 | 
irei.com | Lewis Dayton
The Baltimore City Fire and Police Employees’ Retirement System generated a return of 9.76 percent for the fiscal year that ended June 30, just below its 9.84 percent benchmark. The system’s private real assets investments, valued at $177.8 million, generated a 6.03 percent return for the fiscal year. A total of $324 million of the system’s $3.25 billion portfolio is allocated toward real estate.
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Aug 5, 2024 | 
irei.com | Lewis Dayton
The Houston Police Officers’ Pension System (HPOPS) generated a return of 10.2 percent for its total portfolio in the fiscal year that ended on June 30, outperforming its 9.9 percent benchmark. Alternative investments, which make up 43.7 percent of HPOPS’s portfolio, slightly below the target allocation of 45 percent the system sets for itself, returned 3.3 percent on its investments in the fiscal year, slightly above its 2.9 percent benchmark.
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Aug 2, 2024 | 
irei.com | Lewis Dayton
The Louisiana Municipal Police Employees’ Retirement System (LMPERS) returned 10 percent on its investments during the fiscal year that ended on June 30, according to its most recently monthly investments report. Real estate investments make up 6.9 percent ($190.5 million) of LMPERS’s $2.75 billion portfolio, slightly below the system’s 7 percent target allocation for the asset class, and lost 8.4 percent during the fiscal year, outperforming the NCREIF ODCE Net by 1 percent during that time.
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Aug 2, 2024 | 
irei.com | Lewis Dayton
The Baltimore City Fire and Police Employees’ Retirement System generated a return of 9.76 percent for the fiscal year that ended June 30, just below its 9.84 percent benchmark. A total of $324 million of the system’s $3.25 billion portfolio is allocated toward real estate. Those investments yielded a loss of 2.09 percent during the fiscal year, outperforming a benchmark loss of 5.29 percent.
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Aug 2, 2024 | 
irei.com | Lewis Dayton
The State of Rhode Island Pension Plan generated a 10.47 percent return during the fiscal year that ended on June 30, outperforming its 9.61 percent strategic benchmark, according to a monthly investment report from the Rhode Island State Investment Commission. Another 3.98 percent ($452.9 million) of the plan’s assets are allocated toward private real assets (excluding real estate).
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Aug 1, 2024 | 
irei.com | Lewis Dayton
The Firefighters’ Retirement System of Louisiana generated a 5.2 percent return for the fiscal year that ended June 30, slightly underperforming its 5.6 percent benchmark. The system’s real estate investments, which make up 5.9 percent ($144.4 million) of its $2.4 billion portfolio, generated a negative 4.3 percent return for the fiscal year, below its negative 4.0 percent benchmark.
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Aug 1, 2024 | 
irei.com | Lewis Dayton
The California State Teachers’ Retirement System (CalSTRS) produced an 8.4 percent net return on its investments during the fiscal year that ended June 30, outperforming its 7.4 percent benchmark. The system was valued at $341.4 billion at the end of the fiscal year. Real estate investments, which make up 13.9 percent of CalSTRS’ portfolio, delivered a negative 9.8 percent return for the fiscal year, outperforming the negative 12 percent benchmark for the asset class.
