International Union Operating Engineers Local 701 Pension Trust, Portland, Ore., hired Columbia Consulting Group as its real estate consultant, said Bruce Korter, president of Columbia Consulting. The pension fund has a $46 million portfolio that consists of real estate equities and mortgages, said Mr. Korter. According to Money Market Directory, the fund has $195 million in total assets.
Columbia will provide strategic and tactical real estate investment consulting. Gary Case, trust administrator, didn't return phone calls.