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Sign in Sign up for a FREE subscriptionSJCERA ends real estate consultant’s contract
At its Jan. 10 board meeting, the San Joaquin County (Calif.) Employees’ Retirement Association (SJCERA) voted unanimously to terminate the contract of its real estate consultant, StepStone.
As part of the move, SJERA modified Meketa Investment Group’s general consultant contract to include the real estate consulting, according to a board meeting document.
SJCERA manages a diversified $3.2 billion portfolio with asset allocations that are designed to attain its target return of 7 percent over the long term.
Staff, along with the board’s investment consultant, Meketa, is responsible for implementing the board’s investment plan.
SJCERA’s real estate investment policy encompasses private and public, equity and debt, domestic and international real estate investments.
