Ohio Public Employees Retirement System (PERS) plans to target real estate debt funds and niche sectors such as self-storage in 2026, as the pension fund remains an active investor despite a slight reduction in its target allocation.
The $114.4bn (€120.5bn) pension disclosed in its annual investment plan that it expects to remain within its revised target allocation for real estate of 11% from a previous allocation of 12%.
Ohio PERS told IPE Real Assets that it has reduced its real estate target to reallocate capital toward other asset classes as part of its long-term asset allocation plan.
The pension fund intends to deploy new core and non-core real estate commitments via separate accounts and global funds.
The plan includes investing in self-storage and niche industrial, as well as investments in real estate debt funds.
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