RFP's


Teachers' Pension & Retirement Fund of Chicago seeks Emerging Real Estate Manager


The $11 billion Public School Teachers' Pension & Retirement Fund of Chicago is seeking emerging non­core real estate managers to handle $40 million. Kevin Huber, executive director at the plan, said real estate consultant The Townsend Group and the board feel that there are some strong opportunities for emerging real estate managers and that emerging managers should be 15% of its entire real estate portfolio for diversification and return benefits. The plan has a 9% allocation to real estate. Consultant Rob Kochis of Townsend said managers should contact him via e­mail at rob@townsendgroup.com. He said there is no timeframe for completing the search.