The Ohio Police & Fire Pension Fund (OP&F) has approved a new real estate investment plan, calling for up to $160 million in new commitments in 2020, according to notes from a Jan. 22 investment committee meeting.
Investment opportunities will be targeted throughout the year, according to a spokesperson for OP&F.
The portfolio commitments, which will range from $110 million to $160 million, call for the strategic portion of the real estate portfolio to maintain its exposure, with possible adjustments based on an upcoming review of OP&F’s open-end funds’ exposures. The entire targeted amount will be dedicated to opportunities in the tactical portion of the real estate portfolio.
The Townsend Group, which serves as OP&F’s consultant, recommended the plan at the January meeting.
The OP&F real estate portfolio is valued at $1.77 billion, or 10.84 percent of the total portfolio. The pension fund is targeting 12 percent for the ass
