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he School Employees Retirement System of Ohio has requested $217.5 million in fund redemptions from its real estate portfolio by June 30, 2025. The redemptions include $20 million from DWS RREEF II, $70 million from Clarion Lion Industrial Trust, and other funds totaling $117.5 million.

    This is part of a larger trend, with Ohio SERS issuing $504 million in redemptions over the past four years as it aims to reduce its real estate exposure while increasing investments in infrastructure assets. The pension fund plans to allocate 10% of its portfolio to infrastructure by growing this segment.

    Ohio SERS will evaluate new real estate investment strategies, including residential and niche property types, to improve its overall property type allocation. For the upcoming fiscal year, it aims to maintain an infrastructure portfolio within a 5-10% allocation range, targeting the higher end. The pension fund also plans to explore sectors offering inflation protection and income return, such as energy security/transition and digital infrastructure.

    Ohio SERS will consider co-investment opportunities in real estate and infrastructure during fiscal year 2026.