Lauderhill Firefighters' Retirement System, Palatka, Fla., is searching for a core-plus real estate manager to run $2.5 million, confirmed Steven Roth, director of manager research at Dahab Associates, the $75 million pension fund's investment consultant.
Mr. Roth said the new manager will complement the pension fund's core real estate manager, American Realty Advisors, which also runs $2.5 million. Funding has yet to be determined.
The RFP is available from Dahab's website. Proposals are due at 5 p.m. EDT on April 18. A timetable for a decision has yet to be determined.
Barbara White, plan administrator, did not return a phone call by press time.