The $14.7 billion Ohio Police & Fire Pension Fund has approved its 2019 Real Estate Investment Plan, according to David Graham, communications director for the pension fund.
In the new plan, the pension fund will target between $120 million and $170 million in new commitments in the tactical portion of the real estate portfolio. There will be a focus on U.S. investments for these new commitments.
OP&F was an active investor in real estate throughout 2018, with commitments such as $50 million to Cortland Partners Growth and Income Fund and a $60 million commitment to Almanac Realty Securities Fund VIII.
Ohio P&F has a target allocation to real estate of 12 percent.
