Chatham County Employee Retirement Plan, Savannah, Ga., issued an RFP for a core or core-plus real estate manager to run $10 million, confirmed David Lee, director of manager research at investment consultant Dahab Associates, which is assisting with the search.
The investment will be the $110 million plans first in real estate, made for diversification. Funding will come from rebalancing.
The RFP is available at http://dahab.com/searches.html. Responses are due by 5 p.m. EDT Oct. 6. Mr. Lee said a selection will be made in the fourth quarter, perhaps in November.
Linda B. Cramer, Chatham County finance director, was out of the office and unavailable for comment.