In considering AHICs practices regarding conflicts of interest, the Trustees evaluated the potential for conflicts of interest and considered such matters as the experience and ability of the advisory personnel assigned to the Fund; the basis of decisions to buy or sell securities for the Fund and AHICs other accounts; the method for bunching of portfolio securities transactions; and the substance and administration of AHICs code of ethics. Assessor Chat Bot. The Fund has been successful in delivering on its stated objective, delivering returns comprised of income and appreciation with moderate volatility and low correlation to the broad markets. The Trustees noted that the Fund outperformed the S&P 500 Index and the Barclays U.S. TIPPX Performance & Stats | Bluerock Total Income+ Real Estate C - YCharts Greg is currently the Managing Director, Complex Manager of the Los Angeles Complex for Morgan Stanley. PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. Across all our businesses, we offer keen insight on today's most critical issues. The Funds Public Allocation Sub-Advisor, CenterSquare Investment Management, a BNY Mellon Company, is focused exclusively on real estate and structured to provide attractive investment performance to institutional real estate investors. Within this role Mr. Propper provided portfolio management services to the Bluerock Total Income Plus Real Estate Fund. Morgan Stanley Inst Global Real Est L 2.65% 8.89% . Our board of directors and senior executives hold the belief that capital can and should benefit all of society. GRIFX Performance & Stats | Apollo Diversified Real Estt I - YCharts Holdings are subject to change. 2007. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.Past performance is no guarantee of future results. The Barclays Capital U.S. 31-Jan-2023. Various inputs are used in determining the value of the Funds investments as of the reporting period end. No. The views expressed represent an assessment of market conditions at a specific point in time, are opinions only and should not be relied upon as investment advice regarding a particular investment or markets in general. The Funds private holdings include: Formerly known as the Cornerstone Patriot Fund. This Fund is classified as an Article 8 product under the Sustainable Finance Disclosure Regulation. Borrowings under the Credit Suisse arrangement bear interest at the 3 month LIBOR plus 250 basis points at the time of borrowing. 5.54%---- Fidelity Inv MM Fds . As of the end of the period covered by this report, the registrant has adopted a code of ethics that applies to the registrants principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, regardless of whether these individuals are employed by the registrant or a third party. A monthly outlook for global fixed income markets, including an in-depth review of key sectors. For further details, please see our Terms of Use. As of September 30, 2016, the Fund had $65,000,000 of outstanding borrowings relating to BNP. Any Trustee may be removed at a meeting of shareholders by a vote meeting the requirements of the Funds organizational documents. Number of Funds 1,839 1,787 1,815 1,775 1,830 First Sentier Global Diversified Infrastructure Fund Harris Associates L.P. Harrison Street Mesirow Financial Morgan Stanley Investment Management Inc. Morgan Stanley Prime Property Fund PCJ Investment Counsel Ltd. Russell Investments Canada Ltd. Aristotle Capital . Prime Property Fund Asia Profile: Returns & Limited Partners | PitchBook After further review and discussion, the Board determined that AHICs practices regarding brokerage and portfolio transactions were satisfactory. Under the Shareholder Services Plan, the Class A and Class C shares may pay up to 0.25% per year of their average daily net assets for such services. The Trustees determined that the management fee and net expense ratio were higher than some, but not all, of the comparable funds and the peer group averages. Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated. Individual Investors. After reviewing CenterSquares and the Funds performance, and other factors, the Board concluded that the investment performance of CenterSquare was satisfactory. Financial reporting records are adjusted for permanent book/tax differences to reflect tax character but are not adjusted for temporary differences. There were no significant changes in the registrants internal control over financial reporting that occurred during the registrants last fiscal half-year that have materially affected, or are reasonably likely to materially affect, the registrants internal control over financial reporting. PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. Morgan Stanley Prime Property Fund Llc. Following further consideration and discussion, the Board indicated that CenterSquares standards and practices relating to the identification and mitigation of potential conflicts of interests were satisfactory. Investments may be in a variety of currencies and therefore changes in rates of exchange between currencies may cause the value of investments to decrease or increase. Morgan Stanley, founded in 1935, is a global financial services firm focused on securities underwriting, The Adviser may determine not to vote a Proxy if doing so would not be in a Clients best interest, such as when the Adviser determines that the cost of voting the Proxy exceeds the expected benefit to the Client. The valuation techniques used by the Fund to measure fair value during the year ended September 30, 2016 maximized the use of observable inputs and minimized the use of unobservable inputs. Underlying Funds, if privately placed, generally are not subject to the regulatory scheme applicable to public companies. 3Entry Chargeis a maximum possible figure. As of September 30, 2016, the Fund had $1,066,237,965 of the private and public securities pledged as collateral for its lines of credit. 31-Jan-2023, As of Dr. Randy Anderson, CIO of the Adviser is the Funds portfolio manager. 3.21%---- Ta Realty Core Property Fund, L.P. 3.09%---- Clarion Gables Multifamily Trust, L.P. 2.91%---- Brookfield Senior Mezzanine Real Estate Finance Fund . Ifthe management company of the relevant Fund decides to terminate its arrangement for marketing that Fund in any EEA country where it is registered for sale, it will do so in accordance with the relevant UCITS rules. Bluerock Total Income (plus) Real Estate Fund - Intervalfunds The NFI-ODCE, short for National Council of Real Estate Investment Fiduciaries (NCREIF) Fund Index - Open End Diversified Core Equity, is the first of the NCREIF Fund Database products and is an index of investment returns reporting on both a historical and current basis the results of 24 open-end commingled funds pursuing a core investment strategy, some of which have performance histories dating back to the 1970s. The Trustees reviewed the balance sheet of AHIC and discussed the financial stability and profitability of the firm. The Trustees noted that CenterSquare assists the Adviser in seeking to achieve the Funds investment objective to generate a balanced return comprised of current income and capital appreciation with moderate volatility and low correlation to the broader markets by pursuing strategically investing across private institutional real estate investment funds as well as a diversified set of public real estate securities. The Adviser has sole discretion to vote proxies on behalf of the Non-discretionary Clients provided that, in each case, implementation of the outcome of the proxy vote would not cause the Non-discretionary Clients portfolio to be out of compliance with its Investment Guidelines. Returns may increase or decrease as a result of currency fluctuations. Inflation Protection | Rhode Island State Investment Information Center For the year ended September 30, 2016, Class A and C shares incurred shareholder servicing fees of $783,216 and $358,645, respectively. Kansas Public Employees Retirement System (PERS) has approved a $100m (85.1m) commitment to Morgan Stanley's core open-ended US fund. The ratios of expenses to average net assets and net investment income to average net assets do not reflect the expenses of the underlying investment companies in which the Fund invests. As collateral for the lines of credit, the Fund grants the Banks a first position security interest in and lien on securities of any kind or description held by the Fund in the pledge accounts. Pursuant to Section 852 of the Internal Revenue Code, the taxability of distributions will be reported on Form 1099-DIV for 2016. As of . An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. Performance of 100 USD invested Download Average Annual Total Returns As of 31-Dec-2022 TIMEFRAME: Month-end Quarter-end Calendar Year Risk/Return Statistics As of 31-Jan-2023 TIMEFRAME: 3 Yrs Risk and Reward Profile As of 01-Dec-2022 Lower Risk High Risk Potentially Lower Rewards Potentially Higher Rewards Prime Property Fund, LLC /s/ Bennett A. Weaver: Bennett A. Weaver: Head of Operations, Prime Property Fund, LLC: 2021-02-04: Prior to joining Morgan Stanley in November 2003, andice The Investment Committee is responsible for ensuring that the decision is communicated to the Portfolio Manager promptly. In the Media. The Fund completed a quarterly repurchase offer on November 7, 2016 which resulted in 1,010,099 of Fund shares being repurchased for $26,753,389. Premier. From our origins as a small Wall Street partnership to becoming a global firm of more than 60,000 employees today, Morgan Stanley has been committed to clients and communities for 85 years. Learn from our industry leaders about how to manage your wealth and help meet your personal financial goals. Hear their stories and learn about how they are redefining the terms of success. In considering the costs of the services provided and profits realized by the Adviser and its affiliates from the relationship with the Fund, the Trustees evaluated the Advisers staffing, personnel, and methods of operating; the education and experience of the Advisers personnel; the Advisers compliance programs, policies, and procedures; the financial condition of the Adviser; the level of commitment to the Fund and the Adviser by the principals of the Adviser; the current and projected asset levels of the Fund; and the overall expenses of the Fund, including the nature and frequency of advisory fee payments. Registrants Financial Officer Code of Ethics is filed herewith as Exhibit 12(a)(1). The global presence that Morgan Stanley maintains is key to our clients' success, giving us keen insight across regions and markets, and allowing us to make a difference around the world. Mr. Propper holds a Masters of Business Administration and Bachelor of Science in Finance and Real Estate from the University of Central Florida. The below charts are illustrative of the type of graphical data available to our clients and do not represent live data. These include commercial paper, open FX transactions, Treasury bills and other short-term instruments. During the year ended September 30, 2016, the Fund incurred $310,030 of interest expense related to the unused amount. This proposal represents a new relationship with Morgan Stanley on behalf of the OPERF real estate portfolio. By looking to a portfolio's interest rate reset schedule in lieu of final maturity dates, the WAM measure effectively captures a fund's exposure to interest rate movements and the potential price impact resulting from interest rate movements. The fund is located in Mumbai, India. In addition, two or more Clients may have different investment objectives or investment styles. Morgan Stanley is differentiated by the caliber of our diverse team. Morgan Stanley Prime Property Fund. Aggregate Bond Index, Griffin Institutional Access Real Estate Fund C Without Load, Griffin Institutional Access Real Estate Fund C With Load**, Griffin Institutional Access Real Estate Fund I NAV. In the twelve-month period since our last annual report, we surpassed one billion dollars in assets under management. The Barclays U.S. The fund may be impacted by movements in the exchange rates between the fund's currency and the currencies of the fund's investments. hWn8>&(I$|o$ATu! A career at Morgan Stanley means belonging to an ideas-driven culture that embraces new perspectives to solve complex problems. Our procedures included confirmation of securities owned as of September 30, 2016 by correspondence with the custodian, brokers, and other appropriate parties or by other appropriate procedures when necessary. 31-Jan-2023, 2023 Morningstar. . The sources for all performance and Index data is Morgan Stanley Investment Management. GRIFFIN INSTITUTIONAL ACCESS REAL ESTATE FUND. CERTIFIED SHAREHOLDER REPORT OF REGISTERED, (Exact name of registrant as specified in charter), (Address of principal executive offices) (Zip code), Report of Independent Registered Public Accounting Firm, Trustees Consideration and Approval of Renewal of Advisory Agreements. McMaster Investment Pool - Financial Affairs In these offers, the Fund offered to repurchase up to 5% of the number of its outstanding shares as of the Repurchase Pricing Dates. In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of Griffin Institutional Access Real Estate Fund as of September 30, 2016, and the results of its operations for the year then ended, the changes in its net assets for each of the years in the two-year period then ended and its financial highlights for each of the years in the two-year period then ended and for the period June 30, 2014 through September 30, 2014, in conformity with accounting principles generally accepted in the United States of America.