Jacksonville (Fla.) Police & Fire Pension Fund committed $15 million to Harrison Street Real Estate Partners IX.
The $2.2 billion pension fund's board approved the commitment to the opportunistic real estate fund at its Jan. 26 meeting, a summary of the meeting on its website showed.
It is the pension fund's first commitment to a Harrison Street fund.
As of Sept. 30, the pension fund's actual allocation to non-core real estate was 1.2%; the target is 5%.
Investment consultant RVK assisted.
