The Orange County (Calif.) Employees Retirement System (OCERS) has rehired Townsend Group as its real estate consultant, following an RFP issued in August 2021, IREI has learned.
Townsend’s services will cover core and non-core real estate investments as well as co-investments. As of June 30, 2021, the real estate asset class was valued at more than $1 billion and represented 4.7 percent of the total portfolio. OCERS has a 7 percent target allocation to real estate.
In other news, Meketa Investment Group also was rehired as OCERS’ general investment consultant.
The pension fund could not be reached for comment at the time of publication. To learn more about this fund or others, please visit the IREI.Q database.
