Teachers' Retirement System of Louisiana, Baton Rouge, selected five finalists in its search for a manager to handle a new $600 million open-end core real estate portfolio, confirmed Debbie Cannon, spokeswoman for the $13 billion system. They are: ING Clarion Partners, JPMorgan Asset Management, Prudential Real Estate, UBS Realty Investors and Principal Real Estate Investors. Fund officials hope to make a final decision in the first week of March, Ms. Cannon said.
An RFP was issued in October. Holbein Associates assisted.