Tallahassee Pension Plan picks 2 for value-added real estate

Tallahassee (Fla.) Pension Plan hired Heitman to run $15 million and TA Associates to run $7.5 million in value-added real estate, confirmed Kent Olson, the city's deputy treasurer-clerk.

Funding comes from rebalancing. Other finalists were Colony Capital and Rockwood Capital.

Investment consultant Segal Rogerscasey conducted the invitation-only search for the $1.2 billion pension plan.