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Investors - JANUARY 15, 2021

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Cincinnati reduces target to core real estate

by Kali Persall

The Cincinnati (Ohio) Retirement System has adopted a new asset allocation plan, following the completion of an asset allocation study Marquette Associates, IREI has learned.

Under this new allocation, the target to core real estate was reduced to 7.5 percent from 10 percent.

The pension fund’s core real estate portfolio currently includes commitments to J.P. Morgan Asset Management’s Strategic Property Fund and Morgan Stanley Real Estate Investments’ Prime Property Fund, according to a board report from November 2020.

As of Nov. 30, 2020, the pension fund’s real estate allocation accounted for 9.2 percent of the total portfolio.

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