allocation strategy

The New York State Teachers’ Retirement System continues to be the top investor in US commercial real estate private credit.

The New York-based pension is increasing its allocation from $1.1bn to $1.3bn.

CPP Investments was second, with $1.24bn allocated.

The commitment represents a new relationship for the $11bn San Diego retirement system. 

The $11bn institution has invested in Sabal Debt Opportunities Fund III.

An oversupply of industrial space built during the covid-19 pandemic is presenting opportunities for redeveloping larger spaces into smaller suites. 

The report, penned by senior executives Ralph Rosenberg, Billy Butcher and Racim Allouini, underscores how low interest rates are no longer the anchor for valuating commercial real estate assets.

Commercial real estate lenders are being guided by a principle that is more fraught than a fear of missing out – they are afraid of making a mistake.

The need for income means real estate private credit is becoming an indispensable allocation for investors.

The firm is delving into the role public and private strategies play in institutional investor portfolios.