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Sign in Sign up for a FREE subscriptionOP&F approves real estate investment plan for 2018
The $15.48 billion Ohio Police & Fire Pension Fund has approved its 2018 Real Estate Investment Plan after a recommendation from its real estate consultant, The Townsend Group.
The plan calls for potential new commitments during the year to the tactical portion of the real estate portfolio totaling between $115 million and $165 million. Searches will focus primarily on opportunities within the United States.
OP&F’s real estate portfolio is valued at $1.7 billion as of Nov. 30, which is 11 percent of the total portfolio. The target allocation for real estate remains 12 percent.
Through 2017, OP&F has made multiple real estate commitments, including up to $50 million to ACM Fund II, sponsored by Agriculture Capital, and up to $50 million to Heitman Asia-Pacific Property Investors.
OP&F als
