Investors - OCTOBER 1, 2014

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OPERF to invest as much as $1.3b in real estate

by Reg Clodfelter

Assuming economic trends remain constant, the $90 billion Oregon Public Employees Retirement Fund expects its real estate investment pacing in 2015 to look similar to that of 2014, entailing commitments of approximately $900 million to $1.3 billion, depending upon the opportunities that arise, confirms Anthony Breault, senior real estate investment officer with Oregon State Treasurer’s office, which invests on behalf of OPERF. 

The State Treasurer’s office is currently underwriting two different, but complementary, domestic private debt fund strategies for potential commitments of $100 million to $150 million each, as well as pursuing a niche domestic real estate fund for a commitment of approximately $100 million. All three would be value-add strategies.

“It has been a back-tested strategy that has performed well,” Breault asserts, explaining OPERF’s focus on value-add strategies. “That being said, nearly half of Orego

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