The Sacramento County Employees’ Retirement System (SCERS) has rehired The Townsend Group as real estate investment consultant, according to materials for the meeting on June 18.
Townsend has been appointed as SCERS’ real estate investment consultant for two additional years, with expenditures not exceeding $275,000 each fiscal year, according to meeting materials.
SCERS had $1.3 billion in total real estate assets, as of Dec. 31, 2024, with a 9 percent real estate allocation target. As of then, it had $13.9 billion in total assets under management.
