Ohio SERS plans to invest $300m in real estate
The School Employees’ Retirement System of Ohio is planning to invest $300 million in real estate during the next 12 months, according to Amy Clark, senior communications specialist for the pension fund. The investments mainly target core real estate in the United States. The $300 million was committed to real estate managers in the past year and will be called and invested during the next fiscal year. Some of those commitments have included $75 million to Lubert-Adler Real Estate Fund VII and $200 million to CBRE U.S. Core Partners. The $12.7 billion pension fund has a 15 percent target allocation to real assets; its actual allocation is 12 percent.