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Ohio Police & Fire pens new real estate investment plan for 2020
Investors - JANUARY 23, 2020

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Ohio Police & Fire pens new real estate investment plan for 2020

by Kali Persall

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

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