Wisconsin investment board weighing options on real estate consultant

State of Wisconsin Investment Board, Madison, issued an RFP for a real estate consultant.

SWIB could hire more than one firm.

Courtland Partners, the incumbent, can rebid.

SWIB is undertaking the RFP as part of its “standard due diligence procedures,” Vicki Hearing, SWIB public information officer, said in an e-. Courtland was hired through an RFP process in 2005 for a three-year contract with annual renewals. That latest renewal will expire Dec. 31.

SWIB, which oversees $97 billion in total assets, has $5.7 billion in real estate assets.

The RFP is available on the pension fund’s website. Responses are due Nov. 20. The board expects to make a decision the week of Dec. 9.