X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

DETROIT-General Motors Asset Management, which consists of certain investment advisors and fiduciaries affiliated with General Motors Corp. of Detroit, has launched its Core Plus Real Estate Co-Investment Trust, developed specifically for employee benefit plans. The trust will leverage the company’s years of experience in real estate investing and its legacy as one of the first–and one of the largest—plan sponsors in the asset class, according to company officials.

“Many employee benefit plans and other large investors are looking for ways to increase portfolio earnings and improve diversification, and real estate is an important asset class that is commonly overlooked,” said Tom Dobrowski, managing director at GMAM. “Our goal is to leverage our historical success and provide a vehicle for employee benefit funds making their initial foray into real estate investments, as well as those seeking to expand existing real estate programs.”

The Trust is unique in that the GM pension trusts take a significant position in each deal, investing side by side with participating clients, said GM officials.

Core Plus includes properties which offer stable cash flow and the opportunity to improve performance through more proactive property management.

The current equity value of GMAM’s real estate holdings is approximately $6.5 billion, of which about $3.5 billion is in Core Plus.

The GMAM Group manages approximately $100 billion in pension, 401(k) plans and other assets.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. NET LEASE Spring 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.