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Ventura County Employees of Ventura, Calif., plans to shed a $38 million core separate account managed by Invesco Realty Advisors

Real Estate Alert, March 17, 2004

Ventura County Employees of Ventura, Calif., plans to shed a $38 million core separate account managed by Invesco Realty Advisors. The $2.2 billion pension plan could sell the underlying properties, although it would prefer to fold them into a commingled fund managed by Invesco or another operator.

In the process, it will likely add $25 million to the investment. UBS Realty Advisors, which oversees the pension's other core-fund investment, can't compete for the assignment. Ventura County Employees is huddling with general consultant Ennis Knupp and should make recommendations to its board of trustees next month.

COPYRIGHT 2004 Harrison Scott Publications, Inc.
COPYRIGHT 2008 Gale, Cengage Learning

 

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