Los Angeles Fire and Police Pensions (LAFPP) has rehired Cohen & Steers Capital Management for a new three-year US real estate investment trust (REIT) management contract, according to the pension fund’s meeting document.
REIT manager Cohen & Steers has been appointed to manage a $189.1m (€161.1m) portfolio, an extension of a relationship that was formed in November 2017 with an allocation of $175m.
Since inception, Cohen & Steers has delivered a positive net return of 4.82%, which is 257 basis points above the FTSE NAREIT All Equity REITs Index.
Cohen & Steers declined a request for comment.
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