Chicago-based pension fund Illinois State Board of Investment has allocated $50 million to Heitman America Real Estate Trust, Pensions & Investments reports. The board had been seeking core real estate to enhance diversification and liquidity in its 7.2 percent real estate allocation. Real estate consultant Townsend Group assisted the $10.8 billion board in the search process. Heitman America Real Estate Trust is an open-ended core real estate fund.
Click here for the story from Pensions & Investments.
