A fund in the South has issued an RFP seeking firms to provide closed-end core real estate investment management services.
A Western state trust is considering commitments in a value-add healthcare real estate strategy and a private equity strategy at its board meeting this week.
The plan rehired its outsourced cio, which will target additional real estate and private equity investments this year.
The plan hired a value-add real estate manager to move closer to its 7% real estate target.
The fund has deployed $1.6 billion in investments as of Dec. 31.
The plan approved a new $250 million mandate with a REIT manager and announced investment staff promotions.
The previous CEO is staying on as President and Chairman.
He focuses on debt investment originations and capital formation.
The plan is looking to hire open-ended private infrastructure and real estate funds to replace existing mutual fund investments.
The plan is looking to invest $600 million in non-core and core real estate managers.