Chicago Public School Teachers’ Pension and Retirement Fund hired Greystar to manage $25 million in value-added real estate, focusing on multifamily housing, according to Kevin B. Huber, executive director of the $10.4 billion fund.
Funding will come from distributions from other real estate investments, Mr. Huber said in an e-mail.
Townsend Group, the fund’s real estate consultant, assisted.
