| From IPE: Texas Permanent School Fund is hoping to become a major player in real estate over the next four years and invest up $1bn (€686.7m), just as local rival Teacher Retirement System of Texas has appointed LaSalle Investment Management to run a special real estate vehicle specialising in global co-investments.
The Texas School fund intends to invest $230m in 2009, $340m in 2010, $240m in 2011 and $190m in 2012 after establishing a 6% targeted allocation to real estate....................Full Article (Subscription Required): Source
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