Davie, Fla., police pension fund makes 1st real estate commitment
By Rob Kozlowski | February 27, 2013 12:08 pm
Davie (Fla.) Police Officers' Pension Plan committed $2 million to Intercontinental Real Estate's U.S. Real Estate Investment Fund, an open-end core-plus real estate fund, confirmed Steven Roth, director of manager research at Dahab Associates, the $87 million pension fund's investment consultant.
It is the first allocation to real estate for the pension fund, which issued an RFP in August.
David Williams, administrator for the pension fund, did not return a phone call by press time.