{"id":168794,"date":"2022-02-08T13:18:58","date_gmt":"2022-02-08T18:18:58","guid":{"rendered":"https:\/\/qa.bluevaultpartners.com\/?post_type=news&#038;p=168794"},"modified":"2022-02-08T13:18:58","modified_gmt":"2022-02-08T18:18:58","slug":"nystrs-hires-aew-for-250m-domestic-reit-allocation","status":"publish","type":"post","link":"https:\/\/qa.bluevaultpartners.com\/nystrs-hires-aew-for-250m-domestic-reit-allocation\/","title":{"rendered":"NYSTRS hires AEW for $250m domestic REIT allocation"},"content":{"rendered":"<h1>NYSTRS hires AEW for $250m domestic REIT allocation<\/h1>\n<p>February 2, 2022 | Jon Peterson |IPE &amp; Real Assets<\/p>\n<p>New York State Teachers Retirement System (NYSTRS) has hired AEW Capital Management as a domestic real estate investment trust (REIT) manager with a $250m (\u20ac221.9m) commitment, according to the pension fund\u2019s meeting document.<\/p>\n<p>The $135bn US state teachers pension fund told IPE Real Assets that it has decided to place more capital into REITs \u201cto help move\u00a0property sector allocations to our strategic plan targets. Initially, we expect to focus the new capital on residential due to our current portfolio underweight to the sector.\u201d<\/p>\n<p>AEW already manages a $420.8m global REIT portfolio for NYSTRS.<\/p>\n<p>As reported in November last year, the pension fund expanded its $4.6bn REIT portfolio strategy with the\u00a0hiring of managers Principal Real Estate Investors and Heitman\u00a0as domestic REIT managers.<\/p>\n<p>NYSTRS also disclosed in the meeting document that it has approved a $151.7m commitment to BentallGreenOak US Cold Storage, a $400m investment\u00a0partnership backed by State of Michigan Retirement System\u00a0and\u00a0the State of Wisconsin Investment Board.<\/p>\n<p>NTSTRS has also made a $75m commitment to the TA Realty Logistics Fund. The core open-ended US industrial fund had a net asset value of $194.9m at the end of 2021.<\/p>\n<div style=\"clear:both;\"><\/div>","protected":false},"excerpt":{"rendered":"<p>New York State Teachers Retirement System (NYSTRS) has hired AEW Capital Management as a domestic real estate investment trust&#8230;<\/p>\n","protected":false},"author":3464,"featured_media":168795,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"single-article.php","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[3010,2737,2965],"tags":[],"class_list":["post-168794","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asset-manager-news","category-offering-type","category-performance"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>NYSTRS hires AEW for $250m domestic REIT allocation - 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