Fort Lauderdale (Fla.) General Employees Retirement System hired...

Fort Lauderdale (Fla.) General Employees Retirement System hired American Realty Advisors to manage $8 million in core real estate, according to David Desmond, plan administrator. It is the first real estate investment the $296 million retirement system has made since establishing a 5% real estate target allocation in August, Mr. Desmond said.