Real Estate
Alternatives will play an even more critical role in helping nonprofits reach spending plus inflation targets in 2021 as they seek income and downside protection that low-yielding bonds markets and equity markets cannot.
Plan has issued an RFP in search of general, real estate and/or private equity consulting services.
The plan’s incumbent real estate consultant did not respond to an RFP issued due to its contract expiration.
A California pension plan approved the hire of a new real estate manager at its board meeting today.
The plan is searching for international small-cap managers due to incumbent contract expirations.
A foundation-based on the West Coast approved a new target asset allocation increasing its targets to real estate, domestic large-cap equity and international equity in December.
He will focus on the global distressed debt real estate market.
A Midwestern pension plan terminated its active large-cap equity managers to fund mandates with three new global equity managers hired following an RFP search.
Real estate head will now also lead subsidiary.
The pension fund will reinvest in public or private markets after reducing an absolute return mandate.