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The board unanimously authorized preparations to invest approximately 5% more of the Police Officers’ Plan in real estate, moving toward a 10% target, with funding anticipated for the March 31 window. The plan’s consultant reported a quarterly return of 1.5% and an ending balance of $24,060,810.
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The board approved pursuing a more liquid real estate investment that combines private real estate and publicly traded real estate funds. It also approved updated investment rules, including restrictions on companies identified under applicable anti-boycott and other scrutinized-company lists. The board authorized the chairperson to approve critical plan agreements between meetings, subject to later full-board approval.
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