Massachusetts Pension Reserves Investment Management Board, Boston, will issue an RFP on April 18 for real estate and timberland consulting services.
The contract for incumbent provider Callan Associates will expire on July 31. Callan can rebid.
In an e-mail, Stanley P. Mavromates, chief investment officer of the $49.5 billion system, said responses will be due by May 18. The staff will recommend a candidate for the board to consider at its Aug. 2 meeting.
As of Feb. 28, MassPRIM had a $3.8 billion real estate allocation, or 7.8% of its portfolio, and a $1.03 billion timber allocation, or 2.1% of its portfolio.