Oregon pension increases property allocation

As public pensions increasingly move into real estate, the Oregon Public Employees pension recently raised its target for real estate investment.

The Oregon Public Employees pension has increased its target real estate allocation to 11 percent, a 3 percent jump from its previous target of 8 percent.

At an August meeting of the Oregon Investment Council, the board mulled over possible investments in Rockpoint Real Estate Fund III and Blackstone Real Estate Partners VI, according to state documents.

The pension had close to 5 percent invested in real estate at the end of 2006 and approximately $62.5 billion in total assets at the end of the second quarter.