Howard County Retirement Plans, Ellicott City, Md., committed $20 million to TA Realty Core Property Fund.
The joint committee for the Howard County Retirement Plan and the Howard County Police and Fire Employees' Retirement Plan approved the commitment to the open-end core real estate fund at its March 24 meeting, recently released meeting minutes show.
As of Sept. 30, the actual allocation to real assets was 3.5%; the target is 6%. The two plans have a combined $1.4 billion in assets.
Investment consultant NEPC assisted.
Anju Bennett, the county's human resources administrator and member of the board, could not be immediately reached for further information.
