SDCERS plans non-core real estate investments in fiscal 2022 | news



The San Diego Employee Retirement System Real Estate Investment Plan (SDCERS) for fiscal 2022 includes non-core investments and a reduction in its portfolio through the sale and repayment of assets.

According to the document of the meeting of the pension fund, in the new fiscal year, starting July 1, SDCERS intends to take on non-core obligations in the field of real estate in the amount of 70 million dollars (59.3 million euros).

As part of the $ 9.7 billion retirement fund’s investment strategy, it will examine investments in niche sector funds such as cold rooms, life sciences, data centers and private homes in the United States, as well as investments in some overseas industrial funds. SDCERS also plans to increase its commitment to “leaders with high convictions”.

To cut a portion of its real estate portfolio, SDCERS will sell the last two assets worth $ 26 million in a segregated account managed by DWS

SDCERS also plans stay in line to exit in UBS Trumbull Property Fund and AEW Core Property Trust funds, in which the pension fund has $ 40.8 million and $ 39.2 million, respectively.

SDCERS intends to monitor its investments in fixed assets with some redemption options to keep the investor within the 15% policy limit for this sector.

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