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San Joaquin County Employees' Retirement Association is searching for an investment consultant

by Dami Sogunro

  • 01 Sep 2011
  • RE

SJCERA, the $2 billion public pension fund, is soliciting proposals from qualified firms to provide it with real estate investment consulting services.  The successful firm will provide consulting services for its Real Estate Investment Program (REIP). SJCERA intends to award a contract as a result of this RFP for an initial term of five years. Thereafter, the contract may be extended upon mutual written agreement.

Firms which intend to respond to the RFP should have demonstrable institutional real estate investment consulting expertise, experience reporting to a public pension fund board, exceptional communication skills and client service capabilities, and available senior staff and technical resources to provide the full scope of services contemplated for both domestic and international real estate investments. The consultant will have no discretionary authority and is expected to work cooperatively with SJCERA’s general investment consultant and SJCERA staff. Proposals are due by October 17 and the contract is expected to begin in or about April 2012.

The private real estate investor invests in core, value added and opportunistic funds, and has a preference for US-focused vehicles. SJCERA has a 10% target allocation to real estate investments. Over recent years, SJCERA has been receiving real estate consulting advice from ORG Portfolio Management, a Cleveland, Ohio headquartered investment consultant which provides real estate and infrastructure portfolio management services to institutional clients across the US, offering them both discretionary and non-discretionary services.

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