The plan hired a value-add real estate manager to move closer to its 7% real estate target.
The fund has deployed $1.6 billion in investments as of Dec. 31.
The plan approved a new $250 million mandate with a REIT manager and announced investment staff promotions.
The previous CEO is staying on as President and Chairman.
He focuses on debt investment originations and capital formation.
The plan is looking to hire open-ended private infrastructure and real estate funds to replace existing mutual fund investments.
The plan is looking to invest $600 million in non-core and core real estate managers.
The plan approved a pair of private equity commitments with existing managers and 2022 pacing plans yesterday.
A fund in the Great Plains region will consider a real estate investment as well as changes to its investment policy statement at its January board meeting.
The plan invested in two core-plus real estate managers after interviews held today.