Real Estate Program - psers
Real Estate Program - psers
Real Estate Program - psers
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3. Economic performance of individual investments, commingled funds and the portfolio,<br />
in terms of yields and returns:<br />
a) Time weighted<br />
1) Current quarter<br />
2) Last four quarters<br />
b) Dollar weighted<br />
1) Schedule of capital in/cash out<br />
2) Internal rate of return<br />
c) Components of yields<br />
1) Cash flow<br />
2) Appreciation<br />
4. Portfolio composition characteristics summary by:<br />
a) Property types<br />
b) Property locations<br />
c) Investment structures<br />
d) Investment values<br />
e) Property values<br />
f) Property life cycle stages<br />
The Consultant's quarterly reports will be delivered to PSERS within 90 days of the end of<br />
each calendar quarter. However, the reports will not be due to PSERS prior to thirty days<br />
from the Consultant's receipt of all information from the Advisors necessary to accurately<br />
prepare the report.<br />
When requested by the Chief Investment Officer and/or PSERS compliance staff, a complete<br />
listing of all holdings, pending trades, transaction history and any additional related<br />
information should be provided.<br />
Approved March 13, 2009 V-22
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