News

February 22, 2016

Presima selected by MassPRIM to manage Global REITs portfolio

Massachusetts Pension Reserves Investment Management Board (MassPRIM) has hired Presima to invest US$100m in global real estate investment trusts (REITs).

 

Montreal, Canada (February 22, 2016) Presima is pleased to announce that it has been selected by the Massachusetts Pension Reserves Investment Management Board (MassPRIM) to manage a portfolio of global real estate investment trusts (REITs). The manager selection was approved by the Board of MassPRIM on December 1, 2015 and the portfolio was fully invested on February 19, 2016.

 

“MassPRIM is renowned for its innovative, high-performing investment strategies. Presima is honored to have been selected and we look forward to serving the Commonwealth,” said Peter Zabierek, CEO of Presima.


About MassPRIM

The Massachusetts Pension Reserves Investment Management ("PRIM") Board is charged with the general supervision of the Massachusetts Pension Reserves Investment Trust (“PRIT”) Fund. The PRIT Fund is a pooled investment fund that invests the assets of the Massachusetts Teachers’ and State Employees’ Retirement Systems, and the assets of county, authority, district, and municipal retirement systems that choose to invest in the PRIT Fund. PRIM’s mission is to provide a professional investment service that maximizes the return on investment within acceptable levels of risk by broadly diversifying its investment portfolio, capitalizing on economies of scale to achieve cost-effective operations, and providing access to high quality, innovative investment management firms, all under the management of a professional investment staff and members of the PRIM Board and its Committees.