Investors - DECEMBER 11, 2014

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Pension fund invests in real estate, plans alternatives commitments

by Reg Clodfelter

The $69.9 billion Oregon Public Employees Retirement Fund has made its first investment into a dedicated specialist property fund in the past few years, committing $150 million to Harrison Street Real Estate Partners V.

“The fund provides diversification into real estate asset classes we have not had significant exposure to,” explains Anthony Breault, senior real estate investment officer with Oregon State Treasurer’s office, which invests on behalf of OPERF. “We also like the track record and fiduciary mindset of the general partner.”

The $850 million opportunistic fund invests in niche property types such as medical office, student housing, self-storage and senior housing/assisted living. The fund received commitments from the Texas County & District Retirement System and

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