Tacoma (Wash.) Employees' Retirement System committed $100 million to IDR Core Property Index Fund.
The $2.1 billion pension fund's board approved the commitment to the open-end diversified core real estate equity index fund managed by IDR Investment Management at its July 14 meeting, said Timothy Allen, retirement director and chief investment officer, in an email.
As of March 31, the pension fund had an actual allocation of 5.7% to private core real estate; the target is 5%.
