Chicago Public School Teachers' Pension & Retirement Fund staff recommended CityView and Greystar as finalists to manage $25 million in value-added real estate focused on multifamily housing, according to Kevin B. Huber, executive director of the $10.4 billion fund.
The fund's trustees plan to vote on approving the recommendations for finalists Thursday and then could make a decision July 21 when the finalists will make presentations to the board, Mr. Huber wrote in an e-mailed response to questions.
The board plans to hire one firm, Mr. Huber wrote.
The selections were the result of an RFP issued in April. Townsend Group, the fund's real estate consultant, assisted in the search.