Real estate returns for largest public pension funds
Real Estate Returns for Largest Public Pension Funds
Real
Estate Holdings 2001-
Total (Non- 2003 03
Assets REIT Return Return
Core (Unleveraged) ($Mil.) ($Mil.) (%) (%)
Alabama Employees $7,620 $462 15.81 17.90
Alabama Teachers 16,570 951 15.70 18.00
Alaska Permanent Fund 27,539 1,351 12.22 8.19
Texas Teachers 84,413 359 9.35 7.60
Kentucky Teachers 12,844 362 9.10 8.20
Nevada Public Employees 15,656 1,039 6.93 5.67
Tennessee Consolidated 25,800 375 4.94 6.54
Total/weighted average 190,442 4,899 11.11 10.31
Core
New Hampshire Retirement 3,964 368 14.89 8.19
Sacramento County Employees 3,763 405 11.90 8.60
Ohio Public Employees 58,700 2,902 9.63 7.52
Alaska Public Employees and Teachers 12,400 905 9.36 8.09
Iowa Public Employees 16,722 836 8.38 8.07
Hawaii Employees 8,508 604 7.76 5.08
Michigan Retirement 46,412 3,650 7.30 7.70
Ohio State Teachers 52,845 4,602 7.23 5.85
Orange County Employees 4,967 286 7.03 6.21
Florida State Board 100,070 3,727 6.62 5.58
Total/weighted average 308,351 18,285 7.93 6.73
Balanced
San Bernardino County Emplooyees 3,600 277 14.20 8.87
New York Common Fund 115,700 4,746 13.10 13.60
Pennsylvania Public School Employees 47,300 2,428 12.02
Minnesota State Board 40,000 585 10.70 10.00
Illinois Municipal 16,614 594 10.30 7.70
Calpers 161,378 10,406 10.20 7.81
Utah State Retirement 14,300 968 9.71 8.36
Illinois Teachers 30,418 2,610 9.31 6.79
Ohio School Employees 8,050 497 7.70 3.10
Los Angeles County Employees 28,405 3,004 7.27 4.83
Chicago Public School Teachers 10,138 615 6.80 5.60
Maryland State Retirement 29,645 940 6.39
Arkansas Teachers 8,700 692 5.67 4.60
Total/weighted average 514,248 28,362 10.13 8.29
High-Yield
Oregon Public Employees 43,609 1,890 16.50 8.00
New York State Teachers 78,400 3,121 13.20 9.00
Wisconsin Investment 62,829 1,989 13.00 8.60
Ohio Police & Fire 8,809 498 13.00 9.00
Kansas Public Employees 9,795 340 12.90
Colorado Public Employees 28,417 1,643 11.20 10.60
Washington State Investment 42,600 3,600 10.70 11.20
California State Teachers 113,753 4,927 9.50 9.10
South Dakota Investment 4,786 335 9.06
Los Angeles City Employees 7,685 371 8.60 8.70
Louisiana Teachers 11,534 537 8.40 6.10
North Carolina Public Employees 59,800 1,637 7.83 4.61
Dallas Police & Fire 2,160 274 7.26 5.04
San Francisco City
& County Employees 11,503 1,160 7.00 9.00
Illinois State Board 10,277 604 6.10 5.90
Los Angeles Fire & Police 11,501 780 3.20 4.30
Connecticut Trust Funds 18,300 450 2.63 3.13
Total/weighted average 525,758 24,156 10.51 8.58
COPYRIGHT 2004 Harrison Scott Publications, Inc.
COPYRIGHT 2008 Gale, Cengage Learning
