Florida State Board of Administration, Tallahassee, rehired Townsend Group as consultant for real estate and real estate strategic investments consultant services after a search, said John Kuczwanski, FSBA communications manager.
The hiring is pending contact negotiations.
Courtland Partners and ORG Portfolio Management were the other finalists. The board, which oversees a total $168.5 billion, initiated the search because Townsend's contract expires June 30.
The Tallahassee-based $137.6 billion Florida Retirement System defined benefit plan, whose assets the FSBA oversees, had $10 billion in real estate and $6.4 billion in strategic or opportunistic investments. A breakout of the strategic real estate investments wasn't available.