Investors - FEBRUARY 19, 2016

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Arizona seeks real estate consultant

by Zoë Wolff

The $32 billion Arizona State Retirement System is seeking a real estate investment consultant.

The pension fund is required to issue RFPs every five years. The current real estate consultant, RCLCO, is invited to rebid.

An RFP is available on the state’s procurement website. Proposals are due March 16.

The pension fund has a target allocation to real estate of 10 percent. According to the RFP, the pension fund’s actual allocation to real estate is approximately 7.8 percent.

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