Orange County Employees Retirement System, Santa Ana, Calif., hired Meketa Investment Group to provide real estate monitoring services for its $1.1 billion real estate portfolio, confirmed Robert Kinsler, spokesman for the $13.9 billion pension plan.
On Feb. 6, OCERS' real estate consultant RVK informed OCERS executives that RVK's entire real estate consulting team, led by Dan Krivinskas, had left RVK to form a new real estate and real assets consulting firm, Alignium.
The team's departure resulted in OCERS declaring the contract with RVK null and void. OCERS asked Meketa and consulting firm Pension Consulting Alliance for real estate monitoring proposals.
Further details on whether the pension plan will search for a new real estate consultant could not be learned by press time.