Davie (Fla.) Police Officers' Pension Plan is searching for a real estate manager to run about $2 million, confirmed Steven Roth, director of manager research at Dahab Associates, investment consultant to the $87 million plan.
The pension fund will consider core-plus and value-added strategies, and open- and closed-end funds, according to the RFP.
It is a new allocation and will likely be funded from rebalancing, according to Mr. Roth.
The RFP is available at www.dahab.com/media/rfps/Davie-RE.doc.
Proposals are due at 5 p.m. EDT on Sept. 10. A timetable for a decision has not been determined.
David Williams, administrator for the plan, did not return a phone call by press time.