Core and core‑plus real‑estate managers brief Mississippi PERS on valuations, redemption queues and reallocations

Managers for four core and core‑plus real estate mandates presented updates to the Public Employees Retirement System of Mississippi investment committee, outlining why performance has lagged recently, what valuation methods they used and how each plans to reposition portfolios.

Invesco: Layla DeCosta opened, "My name is Layla DeCosta. I'm a client portfolio manager with Invesco Real Estate," and handed the floor to lead manager Dan Kubiak, who described the fund as "an open end perpetual life, core plus private real estate investment focus." Kubiak said the strategy has been overweight to Sunbelt markets and residential/industrial sectors and stressed that stronger operating income and a conservative balance of fixed‑rate debt had supported resilience even as some valuations were written down; he noted recent capital inflows and roughly $300,000,000 of recent acquisition…