The Los Water & Power Employees’ Retirement Plan has disclosed two real estate fund investments totaling up to $120 million.
$60 million was committed to Brookfield Premier Real Estate Partners. The Brookfield fund invests in high quality, stable office, multifamily, logistics, and alternative real estate assets. An additional $15 million was committed from the Retiree Health Benefits Fund.
$60 million was committed to value-add real estate fund, EQT Exeter Industrial Value Fund VI. An additional $15 million was committed from the Retiree Health Benefits Fund.
As of August 31, 2022, the Retirement Plan has an actual and target allocation to real estate of 9.1% and 8% respectively.
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