CalSTRS plans to issue an RFP for as many as three independent real estate fiduciaries later this month. The $105 billion California State Teachers Retirement System, Sacramento, plans to add to its pool of real estate fiduciaries, which now includes Pension Consulting Alliance, McMahan Group and Pacific Corporate Group. Proposals will be due five weeks after the RFP is issued.
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.