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SURS Board Selects Real Estate Managers

SURS Board Selects Real Estate Managers

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Posted: 
March 12, 2013

The State Universities Retirement System (SURS) Board of Trustees approved the selection of core real estate managers J.P. Morgan and Heitman at their February 14, 2013, meeting in Chicago.

The System awarded $150 million each to J.P. Morgan’s JPMCB Strategic Property Fund and the Heitman America Real Estate Trust (HART). The search process began in September 2012.

Separately, the Board voted to terminate both a U.S. REIT and Global REIT relationship with RREEF, transferring approximately $200 million into the BlackRock Global Real Estate Securities Index Fund.

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