The Houston Police Officers’ Pension System has approved two real estate commitments totaling $80 million, according to meeting minutes from the July board meeting.
$40 million was allocated to the Bain Capital Real Estate Fund III. Additionally, $40 million was committed to the Brookfield Strategic Real Estate Partners Fund V.
As of June 30, 2023, the $7.1 billion pension has an actual and target allocation to real estate of 10.25% and 10% respectively.
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