The San Diego City Employees’ Retirement System (SDCERS) has been recommended an updated version of its FY2026 Real Estate Investment Plan, according to meeting materials from Sept. 11.
According to the plan, it is recommended that the pension fund incorporates a real estate target allocation of total plan assets to 10 percent, as compared to 11 percent as of Dec. 31, 2024.
For core assets, the fund is recommended to make $35 million to $50 million in new commitments, as well as submit a full redemption request ($44 million) from MetLife Core Mortgage ($27.5 million currently approved). In addition, the fund plans to submit a full redemption request ($39 million) from Mesa West Core Debt ($27.5 million currently approved) and remain in the UBS Trumbull Property Fund redemption pool.
As for non-core, the fund aims to make $80 million to $120 million in new commitments to equity funds and $40 million to $50 million in new commitments to debt funds.
As of
