DECEMBER 4, 2012

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Illinois Teachers’ issues RFP, posts positive real estate returns

by Sara Kassabian, Andrea Waitrovich

The $36.3 billion Teachers’ Retirement System of the State of Illinois (TRS) has issued an RFP for a separate account manager with industrial experience to manage a commitment projected to be at $200 million.

The deadline for submissions is Jan. 15, 2013. Callan Associates will be assisting with the search. Four to six candidates will be selected for further review. Illinois TRS aims to announce finalists by May 2013. The RFP can be viewed on the Illinois TRS website,

Illinois TRS has a target allocation to real estate of 14 percent and an actual allocation of 12.5 percent, or $4.5 million, as of June 30.

Illinois TRS investments have recorded positive returns in eight of the past 10 years, with the two years of negative returns seen during the worldwide financial meltdown of 2008 and 2009. During its fiscal year 2012, Illinois TRS reported its strongest investmen

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