Merced County plans to commit to real estate

The Merced County (Calif.) Employees’ Retirement System has plans to commit between $10 million and $13 million to a value-added real estate fund, according to a spokesperson for the pension fund.

At the Aug. 27 board meeting, the $670 million pension fund discussed four potential funds to present at the next meeting. The spokesperson says a decision will most likely be made at the next investment meeting at the end of September.

The pension fund has as 8 percent allocation to real estate.