The San Joaquin County (Calif.) Employees’ Retirement Association (SJCERA) has set its real estate pacing plan at $130 million for 2026, according to meeting materials from Oct. 15.
The pension fund will aim to commit two to three funds totaling $130 million noncore real estate investments. According to the materials, the overall portfolio has a 9 percent allocation to real estate as of March 31, with a target allocation of 17 percent split between 9 percent core and 8 percent noncore.
As of Sept. 30, SJCERA had more than $4.7 billion in total assets under management.
