Pinellas Park (Fla.) Firefighters' Pension Plan will interview Principal Real Estate and UBS Realty Investors as possible real estate managers for the $29 million plan, said Denise Cowdrick, pension specialist. The board will interview the firms April 8, but plan officials haven't yet determined the size of a potential portfolio or the source of funding. Consultant Merrill Lynch identified the candidates.
Officials of the city's $37 million General Employees' Pension Plan will hold an educational interview with Principal on April 8 regarding a potential real estate investment, Ms. Cowdrick said.
The $25.8 million Police Officers' Pension Plan is also considering adding a real estate portfolio, but plan officials haven't identified potential managers.
None of the three plans has set a timetable for hiring a real estate manager.