O
hio Police and Fire Pension Fund plans to invest up to $460m in real estate and real assets next year, with a focus on sectors with strong long-term fundamentals.

    The pension fund aims to allocate between $230m and $280m through non-core real estate investments via funds, while keeping its traditional core real estate exposure at the lower end of the allowable range. It's eyeing opportunities in industrial facilities and data centres, particularly in the US market.

    A smaller portion of the capital will be allocated to real assets, with a primary focus on infrastructure investments driven by demand growth in sectors like power generation and digitisation. The pension fund may also consider global opportunities in this space, as well as timber and agriculture investments.

    The target is to concentrate on distressed or undervalued properties, offering potential for long-term returns.