Tallahassee Pension Plan narrows real estate field

Tallahassee (Fla.) Pension Plan named Colony Capital, Heitman, Rockwood Capital and TA Associates as finalists in its invitation-only search for a value-added real estate manager to run between $12 million and $15 million, confirmed Jim Cooke, city treasurer-clerk.

The finalists will make presentations on Oct. 30. A vote by the full board of the $1.2 billion pension fund is scheduled for Oct. 31. Funding will come from rebalancing.

Investment consultant Segal Rogerscasey is assisting.