Tennessee Department of the Treasury, Nashville, is searching for a real estate consultant for the $40 billion Tennessee Consolidated Retirement System.
The department has issued an RFP due to the expiration of the contract of current consultant The Townsend Group on June 30, wrote Blake Fontenay, spokesman for David H. Lillard Jr., state treasurer, who oversees the pension fund, in an e-mail. The Townsend Group is invited to rebid.
The pension plan has a 5% allocation to real estate.
The RFP is available on the state's website. Proposals are due at 4 p.m. CDT on May 14. Finalist presentations are scheduled for the week of June 2, with a contract start date of July 1.