DECEMBER 11, 2013

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Oklahoma Teachers to commit $338m to real estate

by Reg Clodfelter

The $12.8 billion Oklahoma Teachers’ Retirement System has decided to commit an additional $338 million to real estate, according to investment committee documents released by the pension fund. The decision is sparked by OTRS’s move to increase its target allocation to real estate from 5 percent of the total portfolio to 7 percent. Currently, the pension fund has 4.27 percent of its assets invested in real estate.

The pension fund has not released a timetable on committing the capital, but it has begun to detail the manner in which it will be deployed. Initially, OTRS plans to increase its allocation to its three open-end core fund managers to $200 million each. This will entail committing an additional $28.7 million to L&B Realty Advisors, $7.3 million to Heitman and $17.7 million to

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