Oregon Investment Council terminates retail REIT portfolio

The Oregon Investment Council (OIC), which manages the $79.1 billion Oregon Public Employees Retirement Fund, has dissolved a REIT portfolio managed by Cohen & Steers.

The termination was made because the mandate, which focuses on regional malls, ceased to serve its original long-term purpose.

The move was disclosed in an audio recording of OIC’s board meeting on March 11.

Over the past year, OIC has focused more on core and resilient-oriented strategies and assets. OIC accesses real estate through a variety of different structures, including separate accounts.

OIC has observed the retail sector going throu