Austin Police makes World Class real estate commitment

Austin (Texas) Police Retirement System committed $18.5 million to alternatives manager World Class Capital Group, confirmed Sampson Jordan, CEO.

The commitment by the $513 million pension plan will see $12 million go to a Los Angeles office building and $6.5 million to an Ohio storage unit portfolio, according to the minutes.

Austin Police had previously invested about $18 million with World Class Capital Group.

The pension fund has a 22.5% target allocation to real estate and timber.