# LACERS extends CenterSquare REIT mandate after 134bps outperformance

Canonical page: https://sequoia-research.com/news/lacers-extends-centersquare-reit-mandate-after-134bps-outperformance-aacf3564

Author: Sequoia Research
Published: 2026-10-17T11:22:59.332Z
Updated: 2026-10-17T23:10:02.062Z
Original source: [IPE Real Assets](https://realassets.ipe.com/news/lacers-extends-centersquare-reit-mandate-after-134bps-outperformance/10138953.article)
Source published: 2026-10-15T11:51:18.000Z
Type: News
Topics: REITs

IPE Real Assets reports that the Los Angeles City Employees' Retirement System extended CenterSquare Investment Management's U.S. REIT mandate before its scheduled March 2027 expiration. The relationship began in April 2015, and the portfolio was worth $679 million at the end of August 2026, according to the board-document-based report.

The article reports a 7.7% annualized return after fees since inception, exceeding the FTSE Nareit All Equity REITs Index by 134 basis points. It also says the portfolio beat that benchmark over every reported measurement period. These figures describe historical results supporting the contract review, rather than a forecast for the renewed mandate.

[Read the original](https://realassets.ipe.com/news/lacers-extends-centersquare-reit-mandate-after-134bps-outperformance/10138953.article)

## Research considerations

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- Which REIT or portfolio is covered, and what period does the announcement describe?
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This Sequoia Research summary was prepared with AI assistance from the credited source. It is not independent verification of the source’s claims. The original publisher retains authorship of its reporting; follow the source link for the complete article.

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