- July 1, 2018: Vol. 30, Number 7

To read this full article you need to be subscribed to Institutional Real Estate Americas

OCERS approves preliminary plan for real estate portfolio

by Jody Barhanovich

The $15.7 billion Orange County (Calif.) Employees Retirement System has approved a preliminary plan for real estate commitments, structure and ranges, according to a board meeting report.

The key elements of the new plan approved by the investment committee include tactically rebalancing the portfolio toward a 60-40 mix of core/noncore; rebalancing geographical U.S. exposures while tactically considering non-U.S. opportunities; targeting new commitments of $75 million or more, on average; and limiting manager concentration to 15 percent of the total private real estate program.

In late 2017, OCERS committed $100 million to Waterton Residential Property Venture XIII, according to Robert Kinsler, communications manager for the pension fund. Waterton Residential Property Venture XIII is managed by Waterton Associates, a real estate investor and property management company with a focus on U.S. multifamily apartments and hospitality properties.

The retirement system

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy