The $17.18 billion Ohio Police & Fire Pension Fund (OP&F) has approved an investment plan that calls for $160 million to $220 million in new commitments for the real estate asset class in 2021.
The focus will remain on multifamily and industrial funds, while also considering other opportunities.
According to investment meeting notes, the fund’s real estate consultant, The Townsend Group, made the recommendation for the pacing plan.
As of Dec. 31, OP&F’s real estate portfolio was $1.64 billion, representing 9.6 percent of the total portfolio. The target was 12 percent.
