Kansas Public Employees Retirement System is looking to pour as much as $245 million into real estate in 2018 as part of its portfolio rebalancing, IPE Real Assets reported.

The pension fund is investing up to $125 million in core real estate and as much as $120 million in noncore assets, as advised by its real estate consultant Townsend Group, the publication noted, citing a board meeting document. Townsend also advised the pension fund to further invest in core funds to help it achieve its increased core real estate allocation target of 75%.

Additionally, the pension fund is committing a further $60 million to LaSalle Property Fund, LaSalle Investment Management Inc.'s core open-ended fund, according to the report.