The $5.2 billion transaction is expected to close by the end of the year or early next year.
The plan will issue its general investment consultant RFP next year after initially expecting to conduct the search this year.
The plan disclosed various second quarter commitments in private markets totaling $300 million.
The plan is seeking a non-discretionary supplemental real estate consultant firm.
The plan invested $1.2 billion total in three global growth equity managers during the second quarter.
She will be responsible for the strategic direction and business execution of real estate equity assets across all U.S. mandates.
They will assist with mortage whole loan trading, mortage servicing rights and capital markets transactions.
The plan is seeking managers to handle an up to $600 million mandate.
The plan will look to make $55 million in annual non-core real estate commitments.
Plan added a $2 million core real estate investment at its June meeting.