Maine Seeks Real Estate Advisor
Euromoney, is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2024
Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Maine Seeks Real Estate Advisor

The Maine Public Employees Retirement System is seeking a real estate consultant, IPE Real Estate reports. The pension fund, which will start the search within the next six months, decided in July last year to increase its target real estate allocation to 10% from 5%.

At the end of 2008, the pension fund had a real estate portfolio valued at $478 million, split into a private real estate portfolio worth 4% of its real estate allocation and 1% invested in public real estate investment trusts (REITs) through a REIT index fund run by Barclays Global Investors.

For the complete story, click here.  

Gift this article