Texas ERS unveils pacing plan for private real estate, infrastructure programs in fiscal year

The Employees Retirement System (ERS) of Texas has announced the pacing plan for its private real estate and infrastructure programs in fiscal year 2025.

For private real estate, the targeted commitment amount for fiscal year 2025 is $300 million, with a range of $150 million to $450 million. The pension fund said it had surpassed its targeted private real estate allocation of 9 percent as of Dec. 31, 2023, but is within the policy range. According to Texas ERS, the proposed pacing plan analysis projects a glidepath to stay within the target during the next several years without disrupting the consistency of pacing and the foundation of the portfolio.

The property types included in the pension fund’s private real estate strategy are residential, industrial, office, retail and hotel, with exposure in the United States, global, Europe and Asia Pacific.

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