Chicago Metropolitan Water Reclamation District Retirement Fund anticipates issuing an RFP for a core open-end real estate fund manager late next week, said Susan Boutin, executive director of the $1.2 billion pension fund, in an email.
The reason for the search could not immediately be learned. The expected commitment size is approximately $67 million.
Once approved, the RFP is expected to be posted on the pension fund's website.
A timeline for a hiring decision could not immediately be learned.