School Employees Retirement System of Ohio requested $217.5m (€184.7m) worth of fund redemptions within its real estate portfolio during the fiscal year ending 30 June 2025.
The redemptions requested by Ohio SERS include $20m from DWS RREEF II, $70m from Clarion Lion Industrial Trust, $45m from Clarion Lion Property Fund, $40m from CBRE US Core Partners, $17.5m from Mesa West Core Lending and $25m from the Pretium Single Family Rental III fund.
The latest redemptions are part of $504m of redemptions issued by the pension fund over the past four years. The pension fund’s long-term plan is to lower the exposure to real estate, while at the same time grow the investments in infrastructure assets to 10%.
Ohio SERS said it plans to evaluate new real estate investment strategies including residential and niche property types, with a plan to improve the pension fund’s overall property type allocation.
For the new fiscal year, Ohio SERS plans to maintain its infrastructure portfolio within the 5% to 10% allocation range, with a plan of reaching the higher end. Ohio SERS said it expects to explore new sectors like energy security/transition, digital infrastructure and other areas that offer inflation protection and income return.
The pension fund will also consider co-investment opportunities in both real estate and infrastructure during the fiscal 2026 year that started on 1 July.
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