Ohio Police & Fire Pension Fund, Columbus, committed up to $50 million to Greystar Equity Partners IX, a real estate fund focusing on U.S. multifamily assets, managed by Greystar Real Estate Partners, said David Graham, spokesman, in an e-mail.
The $13.9 billion pension fund has made two previous commitments to Greystar funds, most recently up to $50 million to Greystar Equity Partners VIII in March 2014.
The pension fund’s long-term real estate target is 12%; the actual allocation as of March 31 was 11%.
