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NJ Pension's New Real Estate Investment Head Seeks Diversification

TRENTON, NJ–The main rationale for real estate in any pension portfolio is diversification, and that may include real estate outside New Jersey and even overseas, says Kevin B. Higgins, the new head of real estate investing for the New Jersey Department of the Treasury, in an exclusive interview with GlobeSt.com.

By Steve Lubetkin | Updated on March 31, 2015

TRENTON, NJ–The main rationale for real estate in any pension portfolio is diversification, and that may include real estate outside New Jersey and even overseas, says Kevin B. Higgins, the new head of real estate investing for the New Jersey Department of the Treasury, in an exclusive interview with GlobeSt.com.

“You want assets that are not correlated with fixed income and equities,” says Higgins. “You identify appropriate opportunities along the spectrum for real estate.”

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