SDCERA issues real estate consultant RFP
The $9.2 billion San Diego County Employees Retirement Association (SDCERA) has issued an RFP for a real estate consultant. The pension fund’s current real estate consultant is The Townsend Group. Applications are due July 29, and SDCERA aims to hire a new consultant by October 17. The three-year contract, with an option for a two-year extension, is scheduled to begin on Nov. 1. The RFP is available on SDCERA’s website. SDCERA has 10 percent invested in real estate. Approximately 50 percent of the real estate portfolio is allocated to core strategy investments, and 25 percent each is targeted to value-added and opportunistic investments.