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Oklahoma Teachers issues RFPs for noncore real estate
The $13.1 billion Oklahoma Teachers’ Retirement System has issued two RFPs, one for value-added real estate managers and one for opportunistic real estate managers. The RFPs can be viewed on OTRS’ website.
OTRS is seeking two open-end vehicles or other appropriate structure for the investment of assets in this area. Proposals are due Feb. 14.
As of Dec. 31, 2013, OTRS has a 7 percent allocation to real estate, which the pension fund recently increased from 4 percent.