US - The city of Lansing's pension funds are looking for commingled real estate managers to run up to $22.5m in mandates.
The Lansing funds, with a combined total of $450m in assets, are looking for managers to run their first investments in the asset class. The funds have a 5% real estate allocation to fill and are presently deciding whether or not to hire a single or multiple managers with complementary investment strategies.
Interested firms can obtain a copy of the RFP from the funds' consultant, Asset Consulting Group.
By Geoffrey Ho
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