| Korea Investment Corporation (KIC) and the Teachers’ Pension will invest in a U.S. warehouse portfolio fund for an undisclosed sum, in their first joint investment since the two South Korean funds reached a tentative agreement last year to seek overseas deals together.
The pension fund for South Korea’s private school personnel said on Nov. 8 that it and the KIC will put money in the warehouse fund which has 32 warehouse properties in key distribution centers in central, eastern and western parts of the United States, managed by a U.S. real estate investment firm.............................................Full Article: Source
|