San Antonio Fire & Police Pension Fund approved a search for a non-core real estate manager, said recently released board meeting minutes.
The $2.6 billion pension fund does not issue RFPs. Investment consultant NEPC will assist.
The pension fund's actual allocation to real estate is 10%.
At the same meeting, the board approved committing $30 million to real estate this year.
Further information on the search could not be learned by press time.
Matthew O'Reilly, chief investment officer, could not be reached by press time. Spokesman Joe Gimenez could not immediately provide additional information by press time.