LaSalle Investment Management has secured a $200 million mandate from the Teacher Retirement System of Texas (TRS), Reuters reports. The real estate manager will use the money from the pension fund to invest in real estate globally.
LaSalle, which is a part of Jones Lang LaSalle, is seeking to invest in all property types, risk profiles, capital structures and geographies. The new mandate follows a similar allocation of $200 million in 2009 by the retirement system.
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