SCERS logs positive returns for real estate portfolio
The Sacramento County Employees’ Retirement System (SCERS) reported that its real estate portfolio, a mixture of core real estate liquid commingled funds and noncore real estate investments in closed-end funds was up 3.6 percent in the quarter and up 11.6 percent for the one-year period.
The real estate portfolio slightly outperformed the benchmark during the quarter, led by the core real estate portfolio, which was up 5.3 percent. However, the noncore opportunistic portfolio declined during the quarter, down 1.9 percent.
The returns for SCERS’ private equity, private credit, noncore real estate and real assets portfolios were lagged one quarter.