Kansas PERS approves $250m of new real estate investments

Kansas Public Employees Retirement System (PERS) is going ahead with plans to invest $250m (€228m) in real estate funds, despite growing economic and market uncertainty surrounding the COVID-19 pandemic.

The pension fund will commit $200m to the open-ended diversified fund CBRE US Core Partners and $50m to the value-add apartment fund Waterton Residential Property Venture XIV.

Kansas PERS told IPE Real Assets: “As an institutional investor with a very long-term time horizon, the system deems it prudent to continue to deploy capital in a well diversified portfolio, expecting that current financial market volatility may present attractive investment opportunities.”

Last week, Douglas Weill, co-founder and co-managing partner of Hodes Weill, told IPE Real Assets that many US pension funds were continuing to make real estate commitments where they were already at advanced stages.

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