To read this full article you need to be subscribed to Newsline.
Sign in Sign up for a FREE subscriptionOregon commits $250m to real estate
The $69.7 billion Oregon Public Employees Retirement Fund has committed $250 million to DivcoWest Fund V, according to recent meeting documents.
The value-added fund, managed by DivcoWest, targets office buildings and R&D properties in the greater San Francisco Bay Area and Seattle. The fund will potentially look to invest in other markets, including Los Angeles; Portland, Ore.; Austin; Raleigh, N.C.; New York City; and Washington, D.C. The Texas Municipal Retirement Fund has also invested in the fund.
OPERF has a 12.5 percent target allocation to real estate and an 11 percent actual allocation to the asset class.
