South Miami (Fla.) Pension Fund is searching for a core or core-plus real estate manager to run about $3 million, confirmed Steven Roth, director of manager research at Dahab Associates, the $27 million pension fund's investment consultant.
It is a new allocation, likely to be funded from fixed income. Specifics regarding the funding have yet to be determined, Mr. Roth said in a telephone interview.
Proposals are due at 5 p.m. EDT on Sept. 23. A timetable for a decision has yet to be determined.
The RFP is available on Dahab's website.
Kate Reilly, chair of the pension fund's board of trustees, referred questions to Dahab Associates.