The San Diego City Employees’ Retirement System (SDCERS) is planning to increase its investment in real estate by about $60 million, IPE reports. The investment will increase the pension funds’ exposure to non-core real estate. The move is expected to improve San Diego’s diversification profile and increase the percentage of the portfolio directed at alpha-generating investments. The move was recommended by SDCERS’ real estate consultant, Townsend Group.
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