LACERS launches search for new real estate consultant

Los Angeles City Employees Retirement System (LACERS) has launched an RFP in search of a real estate consultant.

The pension fund has invited qualified organizations to bid to provide full-service, non-discretionary real estate consulting services. LACERS intends to award a five-year full retainer contract to one firm that best meets its needs.

For the purposes of this RFP, the term “real estate” primarily refers to private real estate investments for various strategies, including core, value-add, opportunistic, timber and infrastructure, and for various property types and sizes, both domestic and international. LACERS said this may also include policy development and implementation advice on recommendations on domestic and international infrastructure.

The deadline to submit proposals is Nov. 8. For more information, click here.

As of June 30, LACERS’ total investment portfolio wa