Ohio Police & Fire Pension Fund, Columbus, plans to make a total of $150 million to $200 million in new real estate commitments in 2015, spokesman David Graham said in an e-mail.
The $14.3 billion pension fund approved the 2015 real estate investment plan at its board meeting Wednesday. No searches will be conducted, Mr. Graham said.
Real estate consultant The Townsend Group will conduct due diligence and recommend managers; the pension fund’s current real estate allocation is 9.6% with a long-term target of 12%.
