Real Estate
The retirement system expects to conduct finalist presentations at its Nov. 12 investment committee meeting.
The retirement system’s sole REIT manager handles $17 million.
The deferred compensation plan will vote to hire a new REIT manager at its June meeting.
The pension system added up to $175 million in new commitments in April.
The pension plan approved a pair of real estate commitments at a board meeting last week.
The retirement association was notified of two real estate commitments and one private equity commitment last week.
The retirement system made seven private markets commitments totaling $35.6 million last month.
The firm hired a managing director to help lead its European Real Estate business after sourcing, underwriting, negotiating and structuring debt investments in Europe for a prominent manager.
The plan will commit a total of $330 million to the asset class for fiscal year 2026-2027.
The search is open to core and non-core real estate and infrastructure managers.
