Connecticut Retirement Plans and Trust Funds (CRPTF) has approved a $200m (€166.3m) commitment into listed real estate investment trusts (REIT).
The pension fund said in a meeting document that all the capital will be invested in real estate securities with companies that own real estate assets in the US.
CRPTF will be funding the investment from its passive panel program which the pension fund created in 2019.
CRPTF will have a passive strategy with the REIT allocation with no security selection but with an active sector allocation.
The planned strategy for REITs will involve non-traditional real estate and some housing sector investments.
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