In its meeting on Dec. 4, the Ohio Police and Fire (OP&F) board of trustees has approved target allocation amounts for new commitments in its 2025 Real Estate Investment Plan. The plan allocates between $230 million and $280 million in noncore commitments across three investments in 2025.
OP&F plans to invest these funds into sectors with long-term fundamentals or distressed pricing opportunities. In 2024, OP&F made total commitments to real estate of $300 million.
As of Dec. 3, OP&F had $18.9 billion in total assets under management, with 9.7 percent, or $1.8 billion, allocated to real estate. Its real estate allocation goal is 12 percent.
