City of Grand Rapids increases allocation to real estate

The US public pension's real estate allocation has jumped to 5.31%.

Institution: City of Grand Rapids General Retirement System
Headquarters: Grand Rapids, United States
AUM: $423.18m
Allocation to alternatives: 16.83%
Bitesize: $5-10m

City of Grand Rapids General Retirement System has adjusted its allocation to real estate from 5.00% to 5.31%.

As illustrated in the charts below, the $423.18 million US public pension has a target allocation to real estate of 5 percent. The increase in allocation puts the pension above its target. Ms. Peggy Korzen is the current Executive Director.

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