Pension fund planning to be very discplined and seek motivated sellers. :
State of Wisconsin Investment Board (SWIB) is planning to be “very disciplined” and avoid competitive bidding when making real estate investments this year. The pension fund told IPE Real Estate that it would be “looking to avoid heavy bidding opportunities” and instead seek “motivated sellers that need quick and certain closings”. According to a board meeting document, SWIB is below its real estate target allocation of 8%, which it set at the end of 2016. It has 6.5% of its investments in real estate.