Ohio Police outlines real estate pacing plans for 2021

The US public pension is aiming to commit up to 220m to the asset class in 2021.

Institution: Ohio Police & Fire Pension Fund
Headquarters: Columbus, United States
AUM: $17.18 billion
Allocation to alternatives: 25.2%

Ohio Police & Fire Pension Fund has set out its proposed real estate capital commitment pacing plans for 2021, a contact at the pension informed PERE.

The OP&F board approved a recommendation from its real estate consultant, The Townsend Group, for an investment plan calling for between $160 million and $220 million in new commitments for the asset class in 2021. The pension’s focus will remain on multifamily and industrial funds, while also considering other opportunities.

The $17.18 billion US public pension has a 12 percent target allocation to real estate that currently stands at 9.6 percent.

As illustrated below, recent commitments are to funds focused on the industrial, office and multi-family sectors within the North America region.

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