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California-based pension seeks real estate consultant

by Jody Barhanovich

The $2.5 billion Santa Barbara County (Calif.) Employees' Retirement System is in search of a discretionary real estate consultant, according to an RFP on the pension fund’s website. Requirements for the positioninclude a firm with at least five existing institutional real estate consulting relationships, each with real estate assets of at least $100 million, and at least 10 years of continuous experience in performing real estate consulting for large institutional clients. The pension fund’s current consultant, ORG Portfolio Management, has held the position since 2010. The firm is invited to rebid.  Proposals are due March 3. Finalist interviews are tentatively scheduled for the week of June 19, with a decision expected shortly thereafter.

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