Story: Large Pension Fund to Divest Real Estate Assets

This story was originally written by ChiefInvestmentOfficer.com on April 24, 2019:

As much as $1 billion in assets may hit the real estate market as part of the Los Angeles County Employees’ Retirement Association’s (LACERA) review of its real estate portfolio. There’s no event that’s prompting the potential sales, other than bringing core and value-added real estate strategies closer to their 7% target allocation, Chief Investment Officer Jonathan Grabel told CIO. “We’re not opining on individual properties, it’s just part of asset allocation, and these strategies happen to be overweight.”

Image courtesy of LACERA and ChiefInvestmentOfficer.com.

Image courtesy of LACERA and ChiefInvestmentOfficer.com.

To read the whole story, click here.

Nico Hohman