Troy March, the Director of Real Estate for the North Carolina Retirement System, manages an impressive $8.5B portfolio and brings over 23 years of real estate expertise. He discusses the strategy of 'concentrated diversification' for optimizing investments while emphasizing the importance of building strong relationships with managers. Troy also shares insights on the shift from co-mingled funds to separate accounts and highlights emerging macro trends influencing investment decisions in North Carolina's real estate market. Outside work, he enjoys mountain biking and coaching young riders.