Florida State Board of Administration seeks real estate consultant

Florida State Board of Administration, Tallahassee, is searching for a real estate and strategic investments consultant, according to an invitation to negotiate issued Wednesday.

FSBA, which oversees $162.3 billion in assets, initiated the search because the contract of incumbent Townsend Group expires June 30. Townsend may rebid, said John Kuczwanski, FSBA communications manager.

FSBA seeks to hire one consultant for both its $10 billion real estate allocation and for real estate-related investments in its $6.3 billion strategic investments allocation. A breakdown of how much of the strategic investments are real estate-related was unavailable.

The ITN is available at from the board's website. Proposals are due April 15. The board expects to make a decision May 14.