31.05.2013 - Alaska Permanent Fund to free up $300mln for real estate
The Alaska Permanent Fund Corporation has earmarked approximately $300m (233m) to invest real estate after it increased the maximum leverage allowed in its real estate portfolio from 25% to 35% and adding a 50% leverage maximum on any one property. Mike Burns, executive director for Alaska, said: "We have seen how low the current interest rates are now, and we wanted to take advantage of this situation...............................................Full Article: Source
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