Chicago Public School Teachers' Pension & Retirement Fund is considering three finalists to handle a $25 million investment in an international real estate fund, the fund's first such allocation. They are: CPI Capital Partners Europe fund, Prudential Mexico Retail Fund and RREEF/DB Global Opportunities Fund II. The board of the $11 billion plan could make a decision at its June 20 meeting, said Kevin Huber, executive director. Funding would come from distributions from other real estate funds, Mr. Huber said.
Townsend Group - which is assisting in the search - recommended the international allocation as "a source of real estate growth" and "to get broader exposure," said David F. Linn, Townsend consultant.
