Search: 12/02/2011
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Agency Closes Direct Equity Real Estate Program
Seeks Greater Diversification In Core Comingled Funds
The Investment Division of the Maryland State Retirement Agency (SRA) has successfully closed its 20-year-old Direct Equity Real Estate Program with the recent sale of the three remaining properties in its portfolio: Kentlands Square Shopping Center in Gaithersburg; Severna Park Marketplace in Severna Park; and Cranberry Square in Westminster. The three Maryland properties were purchased in September by Bethesda-based Saul Centers, Inc.