Dallas Police & Fire Pension System increased its allocation to real estate manager Clarion Partners, recently released board meeting minutes show.
Clarion's previous and new allocation size could not immediately be learned.
For more than a year, the $3 billion pension fund has been transitioning separate account assets from CDK Realty Advisors to other managers to reduce risk and ensure fees are competitive, among other reasons.
CDK also told the pension fund this summer that it plans to resign as real estate manager effective Sept. 30.
CDK managed $610 million for the pension fund as of Oct. 31, 2014, the most recent information available.
As of Sept. 9, 2015, the pension fund had a 17.5% allocation to global real estate.
Kelly Gottschalk, executive director, could not immediately be reached for additional information.
