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Investors - DECEMBER 11, 2014

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Pension plan to commit up to $200m to real estate in 2015

by Reg Clodfelter

The $14.3 billion Ohio Police & Fire Pension Fund will commit between $150 million and $200 million to real estate in 2015, according to Dave Graham, communications manager with OP&F.

All of the pension plan’s new investments will be made from the tactical portion of the real estate portfolio, and will range in size from $40 million to $70 million each. OP&F made an investment from its tactical real estate portfolio in November, committing $50 million to AEW Partners VII, an opportunistic fund that looks to acquire and recapitalize undermanaged but well-located assets with distressed capital structures in North America. AEW Partners VII closed earlier this month after hitting its $550 million hard cap.

The commitment to AEW Partners VII was OP&F’s second investment in the tac

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