Real Estate
US pension fund joins investors in enlarged Prologis fund. : Florida State Board of Administration (SBA) has filed redemptions totalling $150m (€128m) from two core open-ended core real estate funds in the US, as it rebalances its portfolio. The pension fund said it is taking $100m out of the UBS Trumbull Property Fund and $50m from the JP Morgan Strategic Property Fund and will reallocate the capital. These moves were not related to investment performance.

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