The San Bernardino County (Calif.) Employees Retirement Association (SBCERA) plans to commit up to $145 million to real estate assets in 2025. This information was detailed in meeting materials from Jan. 9.
With a 5 percent real estate allocation target, its current real estate assets fall below its goal, at 3.8 percent, or $611.9 million, as of Sept. 30, 2024. It aims to invest 52 percent in core assets and 48 percent in non-core opportunities.
SBCERA is a public pension fund that provides retirement, disability and death benefits to its members. As of June 30, 2024, it had $15.8 billion in total assets under management.