The Port Authority of Allegheny County pension fund, Pittsburgh, is considering adding REITs as an asset class, said Claudia Hussein, director-finance and secretary for the $550 million pension plan. The fund now has $10.5 million in the AFL-CIO Multiemployers Property Trust. But a separate REIT allocation is being studied.
Yanni-Bilkey Investment Consulting is assisting the fund. No deadline for a decision or allocation for the new class has been set.