# Albert Einstein Medical Center Employees Retirement Plan

Albert Einstein Medical Center Employees Retirement Plan is a Pension Fund based in Philadelphia, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Philadelphia, United States
- **Region:** North America
- **Address:** Philadelphia, PA, United States
- **Assets under management:** <$100M (Altss estimate)

## Regulatory record

- **Reports private funds:** No

## About

The Albert Einstein Medical Center Employees Retirement Plan is a defined benefit pension fund originally established to serve employees of the Albert Einstein Healthcare Network in Philadelphia. Its sponsor merged into Jefferson Health in October 2021, but the plan retains a separate fiduciary identity governed by a board of six trustees — Joshua Gross, Victor L. Johnson, Matthew S. Levitties, Roy Neff, Thomas N. Perloff, and Richard Sheerr — who direct its investment program. The plan is now a legacy obligation of the Jefferson Health system, affiliated with the Jefferson Health Foundation for philanthropic activity. The portfolio concentrates on direct real estate holdings, principally commercial and mixed-use properties in Pennsylvania and New Jersey. Confirmed assets include interests in AI Philadelphia Limited Partnership, a Philadelphia mixed-use vehicle; Mullica Hill Commons LLC, a commercial property in southern New Jersey; EPC-Allentown LLC and 1560 Pond Road LP, both commercial properties in the Lehigh Valley; 1760 Market Partners LP in Center City Philadelphia; Southside Real Estate LP; and Southpointe Two Lot 12 LP in Canonsburg, Pennsylvania. The geographic footprint stays tightly regional — Philadelphia metro, Allentown, and Pittsburgh-adjacent — with no indication of fund commitments or liquid-market exposure. Its known commitments are exclusively real estate. The plan's structural differentiator is its post-merger isolation: it operates as a separate, trustee-governed vehicle within a larger health system, making direct commercial real estate bets that are unusually concentrated and illiquid for a pension fund of its scale. That governance and asset-class focus do not resemble a conventional institutional LP.

## Sectors

- Real Estate

## People

- Joshua Gross — Plan Trustee
- Victor L. Johnson — Plan Trustee
- Matthew S. Levitties — Plan Trustee
- Roy Neff — Plan Trustee
- Thomas N. Perloff — Plan Trustee
- Richard Sheerr — Plan Trustee

## Questions

### Is the plan still tied to the original Albert Einstein Medical Center?

The sponsoring entity, the Albert Einstein Healthcare Network, merged into Jefferson Health in October 2021. The retirement plan continues as a legacy defined benefit obligation under the Jefferson umbrella but maintains a separate fiduciary and investment structure.

### What real estate interests does the plan hold directly?

Direct interests include AI Philadelphia Limited Partnership in Philadelphia, Mullica Hill Commons LLC in New Jersey, EPC-Allentown LLC and 1560 Pond Road LP in the Lehigh Valley, 1760 Market Partners LP in Philadelphia, Southside Real Estate LP, and Southpointe Two Lot 12 LP near Pittsburgh.

### What is the plan's known posture on co-investments alongside external institutions?

The plan does not appear to co-invest alongside external institutional LPs in the conventional sense. Its direct real estate holdings are structured as partnerships with local developers and operators, reflecting a relationship-driven, single-asset approach rather than fund-level co-investment.

## Related profiles

- [Alaska Wealth Management](https://altss.com/profile/alaska-wealth-management)
- [Alberta School Employee Benefit Plan](https://altss.com/profile/alberta-school-employee-benefit-plan)

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Last updated: 2026-08-11T02:43:31.692Z

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