CalSTRS looks to hire two real estate portfolio managers

The $233.9 billion California State Teachers’ Retirement System (CalSTRS) is looking to hire two portfolio managers for its real estate investment unit, which invests in commercial real estate domestically and internationally.

The new hires will be responsible for investment and operational oversight of the $30 billion real estate portfolio, which includes allocations to core, value-add and opportunistic risk strategies.

The pension fund is looking for candidates with experience managing large institutional real estate portfolios, with knowledge of conducting site, market area, and physical property evaluations.

CalSTRS noted the candidate could receive a 5 percent monthly base pay differential if they are certified in one of the following: Chartered Financial Analyst (CFA), Certified Commercial Investment Member (CCIM), Financial Risk Manager (FRM), Certified Investment Management Analyst (CIMA) or Chartered Alternative Investment Analysts (CAIA).

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