Agenda item details

*Review, Discussion and Consideration of Real Estate - (ACTION)

Number:
8/2021
Department:
Investments
Description:
*Review, Discussion and Consideration of Real Estate - (ACTION)
• Review and Discussion of the Real Estate Market Update and Program Overview
• Review, Discussion and Consideration of Amended Real Estate Annual Tactical Plan For Fiscal Year 2021 – (ACTION)
• Review, Discussion and Consideration of Proposed Real Estate Annual Tactical Plan for Fiscal Year 2022 – (ACTION)
Attachments
Name Download Ext. Filesize
Exhibit A - PRE by Risk Return Strategy March 2020 pdf 585 kB
Exhibit B - 2020 Summary of Commitments by FY pdf 413 kB
Exhibit C - Sector Underweights and Overweights pdf 409 kB
Exhibit D - Private Real Estate Compliance Chart pdf 462 kB
Exhibit E - Private Real Estate FY 2021 Amended Annual Tactical Plan pdf 113 kB
Exhibit F - Private Real Estate FY 2022 Annual Tactical Plan pdf 456 kB
Slides - Real Estate pdf 765 kB
Recommendation:
ERS’ Investment staff recommends the following motion to the Investment Advisory Committee:
Move that the Investment Advisory Committee recommend that the Board of Trustees of the Employees Retirement System of Texas approve the ERS Private Real Estate Program Amended Annual Tactical Plan for Fiscal Year 2021 and the proposed tactical plan for Fiscal Year 2022, as presented in Exhibit E and F.
Contingent upon adoption of the above motion by the Investment Advisory Committee, staff recommends the following motion to the Board of Trustees:
Move that the Board of the Trustees of the Employees Retirement System of Texas approve the ERS Private Real Estate Program Amended Annual Tactical Plan for Fiscal Year 2021 and the proposed tactical plan for Fiscal Year 2022, as presented in Exhibit E and F.
Agenda item