The Teachers’ Retirement System of Oklahoma (TRSOK) has approved two commitments to real estate totalling $200 million.
$100 million was allocated to KKR Real Estate Partners Americas IV. The Fund’s strategy is to acquire cash-flowing transitional assets in primary U.S. growth metros.
An additional $100 million was allocated to Starwood Distressed Opportunity Fund XIII Global.
Investment consultant, Aon, assisted with the recommendations.
As of December 31, 2023, the $21.7 billion Retirement Fund allocates 7.5% to real estate with a target allocation of 10%.
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