Investors - MAY 11, 2015

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

Alameda County hires new real estate consultant

by Zoë Wolff

The Alameda County Employees’ Retirement Association has hired Callan Associates as its real estate consultant, according to Agnes Macadangdang, administrative specialist in the investments department.

The $6.8 billion pension fund issued an RFP for a real estate investment consultant in September 2014 after the incumbent consultant, The Townsend Group, gave a notice of voluntary termination in August 2014. Finalists for the search included The Townsend Group and Courtland Partners.

An inconclusive vote at the pension fund’s March board meeting pushed the decision to the April meeting, when the decision to hire Callan Associates was made.

ACERA’s target allocation to real estate is 6 percent; its actual allocation to the asset class is 6.6 percent.

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy