San Luis Obispo County (Calif.) Pension Trust committed an additional $50 million to J.P. Morgan Asset Management’s Strategic Properties Fund, said Carl Nelson, executive secretary and chief investment officer.
The $1.1 billion pension fund already had $87 million invested in the core real estate fund.
In August, the pension fund board boosted its core real estate target 5 percentage points to 10%, raising its overall real estate target to 15%.
