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Hawaii searches for real estate consultant

by Jody Barhanovich

The $15.1 billion Employees’ Retirement System of the State of Hawaii is searching for a firm to provide nondiscretionary real estate investment consulting services.

The consulting firm must be U.S.-based, have been in business for a minimum of three years and have at least one defined benefit public pension fund client with assets greater than $5 billion. The primary consultant also must have a minimum of seven years’ experience providing domestic and international real estate consulting services to public pension plans.

The full RFP is available on the pension fund’s website. Proposals are due March 20. An official contract is scheduled to be awarded May 5.

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