Chicago Transit Authority Employees Retirement Plan is searching for a core real estate manager to run at least $10 million, confirmed John Kallianis, executive director.
The $1.8 billion pension fund has a 10% target allocation to real estate.
Real estate consultant Townsend Group is assisting. To be considered, all firms must submit their current fund offering information and previous fund performance to Townsend Group, according to the RFP.
The RFP is available on the pension plan's website. Proposals are due Oct. 4. A hiring decision will likely be made within the next 90 days, Mr. Kallianis said in an e-mail.