The country's largest public pension system could issue a “consolidated real assets” request for proposals in 2022 that would cover real estate, infrastructure and forestland.
The $2.1bn pension system alleges the real estate consultant’s actions caused it to lose $580m.
A technology still in its early days could impact myriad facets of the real estate business, from title transfers to lease payments.
Albourne America replaced Aon Hewitt to oversee the $29.7bn retirement system’s investments in real estate, private equity, credit and real assets.
The real estate and investment management firm is considering both public and private options for its balance-sheet US debt investments.
An agency that works with Korean investors alleged that USAA Real Estate Company did not acknowledge its brokering of $110m of fund commitments and has tarnished its reputation.
It is back to working for a property services firm for the Dutchman after five years raising capital for the real estate unit of investment bank Morgan Stanley.
The Japanese ‘big four’ public pension plan continues its external manager selection with the appointment of Invesco Asset Management as its second international real estate manager.
Property accounted for the largest percentage of assets held by the world’s 100 largest alternative asset managers.