Chicago Transit Authority to invest $10m in noncore
The $1.9 billion Retirement Plan for Chicago Transit Authority Employees has plans to commit approximately $10 million to noncore real estate funds, properties or projects.
The pension fund issued an RFP in February and proposals were due Feb. 26. Its real estate consultant, The Townsend Group, assisted the search. A final announcement is scheduled for March.
Chicago Transit Authority has a 10 percent target allocation to real estate.