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Investors - FEBRUARY 13, 2018

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KCERA considers Landmark Partners as new value-added real estate manager

by Jody Barhanovich

The $4 billion Kern County (Calif.) Employees’ Retirement Association will vote to approve the recommendation to hire Landmark Partners as a new value-added real estate manager, according to board meeting documents.

This would be a new partnership between the Kern County Employees’ Retirement Association and Landmark Partners.

Kern County will vote to approve the recommendation at its Feb. 14 investment committee meeting.

KCERA has a target allocation to real estate of 10 percent with a minimum of 3 percent and a maximum of 15 percent, according to its website.

In additional news, Kern County is seeking a new chief investment officer. It is a continuous recruitment and may close at any time. You can find more information here.

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