Real Estate
The retirement fund anticipates final selection and approval in the third quarter.
The retirement fund added $249 million in new commitment at last week’s board meeting.
The retirement fund disclosed seven commitments totaling roughly $1.4 billion in December.
The plan will interview the two finalists in April.
The retirement system also selected finalists in its domestic core fixed-income manager search today.
The retirement system also hired two value-add real estate managers today.
The retirement system made five commitments totaling roughly $218 million last week.
The plan made up to $90 million in commitments at today’s board meeting.
The plan will discuss the options for reallocating the proceeds at a future board meeting.
The pension plan will consider several alternatives commitments at its board meeting next week.