Irving Firemen's Relief & Retirement Fund

Irving Firemen's Relief & Retirement Fund

The fund was established in 1945 to manage retirement assets for the City of Irving's fire personnel, operating under the Texas Local Fire Fighter Retirement Act. It serves active, inactive, and annuitant members of the Irving Professional Fire Fighters Association. The Board of Trustees oversees governance, with Bret W. Starr serving as Trustee and CFO of the sponsoring municipality, and Jacob Rives as Treasurer. Asset strategy centers on direct real estate, a departure from standard public-pension fund-of-funds models. Known co-investments include IM Multifamily I, LLC, a residential venture in Texas alongside the Midland Firemen's Relief & Retirement Fund, and a position in the Principal U.S. Property Fund, a commercial real estate vehicle. No venture, private equity, or credit allocations appear in public records, suggesting a concentrated property mandate within the United States. The fund participates in the Texas Association of Public Employee Retirement Systems and the National Conference on Public Employee Retirement Systems, signaling engagement with peer-group governance practices. Team size and total deployment figures are not publicly disclosed. No recent operational events were verifiable within the last 24 months. Most municipal pension plans outsource asset management to large consultants. Irving Firemen's Relief & Retirement Fund instead co-invests directly with another firefighter pension system — Midland's — bypassing commingled fund intermediaries for a more direct, joint-venture approach to property exposure.