CalSTRS plans to issue an RFP for as many as three independent real estate fiduciaries this month. The $105 billion California State Teachers Retirement System, Sacramento, plans to add to its pool of real estate fiduciaries, which now include Pension Consulting Alliance, McMahan Group and Pacific Corporate Group.
Separately, CalSTRS hired EFL Associates to find a new CEO to replace James D. Mosman, who is leaving at year-end to become executive director of the National Council on Teacher Retirement. System officials plan to interview finalists at CalSTRS December board meeting.