Ohio Police & Fire allocates up to $170m for noncore real estate
The $14.6 billion Ohio Police & Fire Pension Fund has allocated $120 million to $170 million for noncore real estate through December 2016. The approval of the 2016 investment plan came at the pension fund’s Dec. 16 board meeting.
The pension fund anticipates making three noncore commitments throughout next year between $40 million and $70 million each.
In 2015, OP&F committed $171 million to real estate, including Blackstone Real Estate Partners VIII, Gerrity Retail Fund II and PW Real Estate Fund III.
The pension fund has a 12 perce