|
Pension Fund (Consultant) |
Advisor (Fund) |
Strategy |
Amount
($Mil.) |
|
Alaska Public Employees & Teachers (Townsend) |
BlackRock Realty Advisors (Diamond Property Fund) |
Core-plus |
$75 |
|
Colony Capital (Investors 8) |
Opportunistic |
68 |
|
Cornerstone Real Estate Advisors (Apartment Venture 3) |
Value-added |
50 |
|
LaSalle Investment Management (Medical Office Fund 2) |
Core-plus |
30 |
|
Arkansas Teachers (None) |
J.P. Morgan (Special Situations Property Fund) |
Value-added |
70 |
|
J.P. Morgan (Strategic Property Fund) |
Core |
100 |
|
California State Teachers (PCA) |
ARCap (Real Estate Special Situations Mortgage) |
High-yield debt |
200 |
|
Beacon Capital Partners (Strategic Partners 4) |
Value-added |
350 |
|
Beacon Capital Partners (Strategic Partners 5) |
Value-added |
400 |
|
Capmark Financial (Structured Real Estate Partners) |
High-yield debt |
100 |
|
CB Richard Ellis Investors (Strategic Partners Europe
Fund 3) |
Value-added |
192 |
|
Cherokee Investment Partners (Fund 4) |
Opportunistic |
400 |
|
CrossHarbor Capital Partners (Institutional Partners) |
Opportunistic |
100 |
|
Fortress Investment (Holiday Investment Fund) |
Opportunistic |
265 |
|
Fortress Investment (RIC Coinvestment Fund 1) |
Opportunistic |
190 |
|
Frogmore Property (Frogmore Real Estate Partners) |
Value-added |
100 |
|
Hartford Investment Management (Mezzanine Investors) |
High-yield debt |
100 |
|
Hawkeye Partners (Scout 1) |
Fund of funds |
100 |
|
Hearthstone Advisors (Housing Partners 3) |
Value-added |
300 |
|
Heitman (Heitman Value Partners 2) |
Core-plus |
200 |
|
Heitman (HVP Sun Co-Investment) |
Core-plus |
56 |
|
LNR Property (Commercial Property Investment Fund) |
Value-added |
400 |
|
Lowe Enterprises Investment (Resort Community Fund) |
Value-added |
35 |
|
MacFarlane Partners (Urban Real Estate Fund 2) |
Value-added |
300 |
|
Morgan Stanley (Crescent Resources Co-Investment) |
Value-added |
130 |
|
RLJ Capital Partners (Lodging Fund 2) |
Value-added |
150 |
|
Rockpoint Group (Land Co-Investment Fund) |
Opportunistic |
100 |
|
Starwood Capital (Hospitality Fund 1) |
Opportunistic |
150 |
|
Calpers (PCA) |
American Value Partners (Fund 1) |
Fund of Funds |
$100 |
|
Capmark Financial (Structured Real Estate Partners) |
High-yield debt |
100 |
|
CIM Group (Urban Real Estate Fund 3) |
Value-added |
700 |
|
Divco West Properties (Market Street Capital Partners) |
Value-added |
100 |
|
Divco West Properties (Page Mill Partners 2) |
Core-plus |
100 |
|
Fortress Investment (Holiday Investment Fund) |
Opportunistic |
80 |
|
Fortress Investment (RIC Coinvestment Fund 1) |
Opportunistic |
50 |
|
Guggenheim Partners (Structured Real Estate 2) |
High-yield debt |
100 |
|
Harbert Management (European Real Estate 2) |
Opportunistic |
75 |
|
IL&FS Investment Managers (India Realty Fund) |
Opportunistic |
100 |
|
Integral Group (Urban Fund 1) |
Opportunistic |
100 |
|
JER Partners (Real Estate Partners Europe 3) |
Value-added |
60 |
|
New Faze Development (Investment Fund 1) |
Opportunistic |
56 |
|
Pacific Coast Capital Partners (California Smart Growth
4) |
Value-added |
100 |
|
Prudential Real Estate Investors (Latin America Retail
1) |
Value-added |
75 |
|
Prudential Real Estate Investors (Real Estate Companies
3 Fund) |
Value-added |
100 |
|
RLJ Capital Partners (Lodging Fund 2) |
Value-added |
100 |
|
Savanna Partners (Savanna Real Estate Fund 1) |
Value-added |
75 |
|
Secured Capital Japan (Real Estate Partners Asia) |
Opportunistic |
100 |
|
Strategic Capital Partners (Value Enhancement) |
Value-added |
50 |
|
Sun Apollo (India Real Estate Fund) |
Opportunistic |
50 |
|
Chicago Public School Teachers (Townsend) |
Davis Cos. (DV Urban Realty Partners 1) |
Value-added |
25 |
|
RREEF (DB Global Opportunities 2) |
Opportunistic |
25 |
|
Walton Street Capital (Real Estate 5) |
Opportunistic |
35 |
|
Colorado Public Employees (None) |
Blackstone Group (Real Estate Partners 5) |
Opportunistic |
50 |
|
LaSalle Investment Management (Medical Office Fund 2) |
Core-Plus |
40 |
|
Madison Marquette (Retail Enhancement) |
Value-added |
50 |
|
Morgan Stanley (Fund 5 U.S.) |
Value-added |
50 |
|
RREEF (DB Global Opportunities 2) |
Opportunistic |
50 |
|
Connecticut Trust Funds (PCA) |
Covenant Capital (Covenant Apartment Fund 5) |
Value-added |
25 |
|
MacFarlane Partners (Urban Real Estate Fund 2) |
Value-added |
100 |
|
RLJ Capital Partners (Lodging Fund 2) |
Value-added |
50 |
|
Rockwood Capital (Real Estate Partners 7) |
Value-added |
50 |
|
Illinois State Board (Townsend) |
MacFarlane Partners (Urban Real Estate Fund 2) |
Value-added |
30 |
|
RLJ Capital Partners (Lodging Fund 2) |
Value-added |
30 |
|
RREEF (America 3) |
Value-added |
30 |
|
RREEF (DB Global Opportunities 2) |
Opportunistic |
30 |
|
TA Associates Realty (Realty Associates 8) |
Core-Plus |
30 |
|
Walton Street Capital (Real Estate 5) |
Opportunistic |
30 |
|
Illinois Teachers (Callan) |
RLJ Capital Partners (Lodging Fund 2) |
Value-added |
50 |
|
Kansas Public Employees (PCA) |
ING Clarion Partners (Lion Mexico Fund) |
Value-added |
30 |
|
Los Angeles City Employees (Townsend) |
Buchanan Street Partners (Fund 5) |
Value-added |
$30 |
|
Citigroup Property Investors (CPI Capital Partners
Europe) |
Opportunistic |
25 |
|
Guggenheim Partners (Structured Real Estate 2) |
High-yield debt |
15 |
|
MacFarlane Partners (Urban Real Estate Fund 2) |
Value-added |
40 |
|
Pacific Coast Capital Partners (California Smart Growth
4) |
Value-added |
30 |
|
Phoenix Realty (Genesis Workforce Housing 2) |
Value-added |
20 |
|
Stockbridge Capital Partners (Real Estate 2) |
Value-added |
30 |
|
Walton Street Capital (Real Estate 5) |
Opportunistic |
25 |
|
Los Angeles County Employees (Townsend) |
Phoenix Realty (Genesis Workforce Housing 2) |
Value-added |
30 |
|
Los Angeles Fire & Police (Townsend) |
Alex. Brown Realty (ABR Chesapeake 3) |
Core-plus |
25 |
|
Citigroup Property Investors (CPI Capital Partners
Europe) |
Opportunistic |
30 |
|
Noble Investments (Noble Hospitality Fund) |
Value-added |
25 |
|
Pacific Coast Capital Partners (California Smart Growth
4) |
Value-added |
30 |
|
Phoenix Realty (Genesis Workforce Housing 2) |
Value-added |
15 |
|
Stockbridge Capital Partners (Real Estate 2) |
Value-added |
30 |
|
Maryland State Retirement (PCA) |
CB Richard Ellis Investors (Strategic Partners U.K. Fund
3) |
Value-added |
95 |
|
ING Clarion Partners (Lion Industrial Trust) |
Core |
75 |
|
Michigan Retirement (None) |
Beacon Capital Partners (Strategic Partners 4) |
Value-added |
50 |
|
Blackstone Group (Real Estate Partners 5) |
Opportunistic |
50 |
|
CIM Group (Urban REIT) |
Core-plus |
75 |
|
Citigroup Property Investors (CPI Capital Partners North
America) |
Opportunistic |
50 |
|
ING Clarion Partners (Lion Mexico Fund) |
Value-added |
50 |
|
John Buck Co. (Opportunistic 3) |
Value-added |
50 |
|
Lowe Enterprises Investment (Resort Finance Investment
Partners) |
High-yield debt |
50 |
|
Morgan Stanley (Fund 5 International) |
Opportunistic |
50 |
|
Morgan Stanley (Fund 5 U.S.) |
Value-added |
100 |
|
Stockbridge Capital Partners (Real Estate 2) |
Value-added |
75 |
|
USAA (US Industrial REIT 2) |
Core |
75 |
|
Minnesota State Board (None) |
Blackstone Group (Real Estate Partners 5) |
Opportunistic |
100 |
|
TA Associates Realty (Realty Associates 8) |
Core-Plus |
100 |
|
Missouri Public School Employees (Townsend) |
Capmark Financial (Structured Real Estate Partners) |
High-yield debt |
25 |
|
Carlyle Group (Realty Partners 5) |
Opportunistic |
50 |
|
Citigroup Property Investors (CPI Capital Partners
Europe) |
Opportunistic |
35 |
|
Dune Capital Management (Dune Real Estate Fund) |
Value-added |
25 |
|
Guggenheim Partners (Structured Real Estate 2) |
High-yield debt |
35 |
|
Heitman (Heitman Value Partners 2) |
Core-plus |
50 |
|
Westbrook Partners (Fund 7) |
Opportunistic |
28 |
|
New York State Teachers (Callan) |
Blackstone Group (Real Estate Partners 5) |
Opportunistic |
50 |
|
Citigroup Property Investors (CPI Capital Partners North
America) |
Opportunistic |
50 |
|
Cornerstone Real Estate Advisors (Apartment Venture 3) |
Value-added |
50 |
|
Hines (U.S. Office Value-Added 2) |
Value-added |
50 |
|
ING Clarion Partners (China Opportunistic Fund) |
Opportunistic |
50 |
|
Rockpoint Group (Finance 1) |
High-yield debt |
55 |
|
Rockwood Capital (Real Estate Partners 6) |
Value-added |
75 |
|
USAA (US Industrial REIT 2) |
Core |
50 |
|
Ohio Police & Fire (Townsend) |
Blackstone Group (Real Estate Partners 5) |
Opportunistic |
$25 |
|
Colony Capital (Investors 8) |
Opportunistic |
25 |
|
Heitman (Heitman America Real Estate Trust) |
Core |
100 |
|
J.P. Morgan (Strategic Property Fund) |
Core |
100 |
|
Morgan Stanley (Prime Property Fund) |
Core |
50 |
|
Prudential Real Estate Investors (PRISA) |
Core |
100 |
|
RREEF (America 2) |
Core-Plus |
50 |
|
Stockbridge Capital Partners (Real Estate 2) |
Value-added |
25 |
|
TA Associates Realty (Realty Associates 8) |
Core-Plus |
25 |
|
Walton Street Capital (Real Estate 5) |
Opportunistic |
25 |
|
Westbrook Partners (Fund 7) |
Opportunistic |
25 |
|
Ohio Public Employees (Townsend) |
Beacon Capital Partners (Strategic Partners 4) |
Value-added |
50 |
|
Blackstone Group (Real Estate Partners 5) |
Opportunistic |
150 |
|
Carlyle Group (Realty Partners 5) |
Opportunistic |
75 |
|
Normandy Real Estate Partners (Real Estate Fund) |
Value-added |
50 |
|
Warburg Pincus (Real Estate 1) |
Opportunistic |
100 |
|
Ohio School Employees (None) |
Carlyle Group (Realty Partners 5) |
Opportunistic |
50 |
|
CB Richard Ellis Investors (Strategic Partners U.K. Fund
3) |
Value-added |
39 |
|
Fillmore Capital Partners (Fillmore East Fund) |
High-yield debt |
30 |
|
Ohio State Teachers (Russell) |
Benson Elliot Capital Management (Real Estate Partners
2) |
Opportunistic |
64 |
|
Capmark Financial (Structured Real Estate Partners) |
High-yield debt |
80 |
|
LNR Property (Commercial Property Investment Fund) |
Value-added |
200 |
|
Westbrook Partners (Fund 7) |
Opportunistic |
80 |
|
Orange County Employees (Callan) |
AEW Capital Management (AEW Value Investors 2) |
Core-plus |
30 |
|
Fidelity Investments (Real Estate Growth 3) |
Value-added |
30 |
|
Oregon Public Employees (PCA) |
Buchanan Street Partners (Fund 5) |
Value-added |
75 |
|
GI Partners (Fund 2) |
Opportunistic |
100 |
|
Guggenheim Partners (Structured Real Estate 2) |
High-yield debt |
100 |
|
IL&FS Investment Managers (India Realty Fund) |
Opportunistic |
100 |
|
ING Clarion Partners (Lion Mexico Fund) |
Value-added |
100 |
|
KTR Capital Partners (Keystone Industrial Fund) |
Value-added |
100 |
|
Prudential Real Estate Investors (PRISA) |
Core |
300 |
|
Rockpoint Group (Finance 1) |
High-yield debt |
100 |
|
Rockwood Capital (Real Estate Partners 7) |
Value-added |
100 |
|
Pennsylvania Public School Employees (Courtland) |
Apollo Real Estate Advisors (Real Estate Finance Corp.) |
High-yield debt |
$150 |
|
ARCap (Real Estate Special Situations Mortgage) |
High-yield debt |
89 |
|
Avenue Capital (Avenue Real Estate Fund) |
Opportunistic |
100 |
|
Blackstone Group (Real Estate Partners 5) |
Opportunistic |
200 |
|
Broadway Real Estate Partners (Real Estate Partners Fund
2) |
Value-added |
125 |
|
LEM Partners (Real Estate Mezzanine 2) |
High-yield debt |
75 |
|
Lubert-Adler (Fund 5) |
Opportunistic |
100 |
|
Morgan Stanley (Fund 6 International) |
Value-added |
400 |
|
Morgan Stanley (Prime Property Fund) |
Core |
100 |
|
Prologis (North American Industrial Fund) |
Core |
200 |
|
Prudential Real Estate Investors (PRISA) |
Core |
100 |
|
RREEF (America 2) |
Core-plus |
100 |
|
RREEF (America 3) |
Value-added |
100 |
|
Strategic Capital Partners (Value Enhancement) |
Value-added |
55 |
|
UBS Realty Investors (Real Estate Separate Account) |
Core |
100 |
|
Pennsylvania State Employees (Townsend) |
BPG Properties (Investment Partnership 8) |
Value-added |
25 |
|
Colony Capital (Investors 8) |
Opportunistic |
25 |
|
Fidelity Investments (Real Estate Opportunistic Income) |
High-yield debt |
35 |
|
Hawkeye Partners (Scout 1) |
Fund of funds |
75 |
|
Lubert-Adler (Fund 5) |
Opportunistic |
30 |
|
Oxford Real Estate Advisors (Oxford Fund) |
Value-added |
30 |
|
Prudential Real Estate Investors (Latin America Retail
1) |
Value-added |
25 |
|
Rockpoint Group (Finance 1) |
High-yield debt |
50 |
|
Westbrook Partners (Fund 7) |
Opportunistic |
50 |
|
Sacramento County Employees (None) |
AEW Capital Management (AEW Value Investors 2) |
Core-plus |
25 |
|
Hines (U.S. Office Value-Added 2) |
Value-added |
25 |
|
UBS Realty Investors (Allegis Value Trust) |
Core-plus |
25 |
|
San Bernardino County Employees (Townsend) |
Beacon Capital Partners (Strategic Partners 4) |
Value-added |
40 |
|
Beacon Capital Partners (Strategic Partners 5) |
Value-added |
20 |
|
Walton Street Capital (Real Estate 5) |
Opportunistic |
40 |
|
San Francisco Employees (Townsend) |
CIM Group (Urban REIT) |
Core-plus |
25 |
|
UrbanAmerica (Fund 2) |
Value-added |
25 |
|
Texas Teachers (Townsend) |
AMB Capital Partners (Institutional REIT 2) |
Core |
$150 |
|
BlackRock Realty Advisors (Diamond Property Fund) |
Core-plus |
100 |
|
Blackstone Group (Real Estate Partners 5) |
Opportunistic |
150 |
|
Capmark Financial (Commercial Realty Partners 2) |
Value-added |
75 |
|
Capmark Financial (Structured Real Estate Partners) |
High-yield debt |
100 |
|
Carlyle Group (Realty Partners 5) |
Opportunistic |
150 |
|
CIM Group (Urban REIT) |
Core-plus |
150 |
|
Citigroup Property Investors (CPI Capital Partners
Europe) |
Opportunistic |
99 |
|
Colony Capital (Investors 8) |
Opportunistic |
150 |
|
Heitman (Heitman America Real Estate Trust) |
Core |
200 |
|
MacFarlane Partners (Urban Real Estate Fund 2) |
Value-added |
75 |
|
Morgan Stanley (Prime Property Fund) |
Core |
200 |
|
Prudential Real Estate Investors (Latin America Retail
1) |
Value-added |
50 |
|
RREEF (America 2) |
Core-plus |
20 |
|
RREEF (America 3) |
Value-added |
150 |
|
Stockbridge Capital Partners (Real Estate 2) |
Value-added |
102 |
|
Walton Street Capital (Real Estate 5) |
Opportunistic |
75 |
|
Virginia Retirement (Townsend) |
Blackstone Group (Real Estate Partners 5) |
Opportunistic |
100 |
|
Capmark Financial (Structured Real Estate Partners) |
High-yield debt |
60 |
|
CIM Group (Urban REIT) |
Core-plus |
50 |
|
J.P. Morgan (Strategic Property Fund) |
Core |
175 |
|
Liquid Realty Partners (Fund 3) |
Fund of funds |
100 |
|
Morgan Stanley (Prime Property Fund) |
Core |
175 |
|
Prologis (North American Industrial Fund) |
Core |
100 |
|
Washington State Board (Courtland) |
Indochina Capital (Land Holdings 2) |
Opportunistic |
25 |
|
Morgan Stanley (Fund 6 International) |
Value-added |
440 |
|
Morgan Stanley (Real Estate Special Situations 3) |
Value-added |
150 |
|
Prosperitas Capital (Real Estate Partners 1) |
Opportunistic |
50 |
|
Warburg Pincus (Real Estate 1) |
Opportunistic |
100 |
|
Wisconsin Investment (Courtland) |
Capital Trust (CT Large Loan Fund) |
High-yield debt |
90 |
|
Fortress Investment (Holiday Investment Fund) |
Opportunistic |
75 |
|
Fortress Investment (RIC Coinvestment Fund 1) |
Opportunistic |
50 |
|
Guggenheim Partners (Structured Real Estate 2) |
High-yield debt |
50 |
|
Hawkeye Partners (Scout 1) |
Fund of funds |
50 |
|
Henderson Global Investors (CASA Partners 4) |
Core-plus |
50 |
|
KTR Capital Partners (Keystone Industrial Fund) |
Value-added |
50 |
|
Mesa West (Real Estate Income Fund) |
High-yield debt |
65 |
|
Place Properties/Blue Vista Capital (Student Housing
Fund) |
Value-added |
100 |
|
Prudential Real Estate Investors (Senior Housing
Partners 3) |
Value-added |
50 |
|
Westbrook Partners (Fund 7) |
Opportunistic |
60 |
