Victory Island Public Employees' Retirement System

Charles Wurtzebach and John McMahan

Journal of Real Estate Practice and Education, 2011, vol. 14, issue 1, 71-87

Abstract: This purpose of this case study is to present the challenges facing a public pension fund director of real estate. Most pension funds rely on a small internal staff charged with executing the real estate portfolio strategy approved by the Board of Trustees. In this case, the director of real estate has been informed that the agenda of the next Board meeting will be devoted entirely to real estate strategy. Issues of legacy properties, Board disagreement over the need/role of consultants, the number of real estate investment managers, the role of public versus private real estate strategies, and the appropriate role of core, value add, and opportunistic private strategies all come into play.

Date: 2011
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/10835547.2011.12091686 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:rjrpxx:v:14:y:2011:i:1:p:71-87

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/rjrp20

DOI: 10.1080/10835547.2011.12091686

Access Statistics for this article

Journal of Real Estate Practice and Education is currently edited by Reid Cummings

More articles in Journal of Real Estate Practice and Education from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().