Miramar (Fla.) Firefighters' Pension Fund is searching for an open-end core-plus real estate manager to run $5 million, said William E. Dahab, principal and director of research at Dahab Associates, the $100 million pension fund's investment consultant.
The pension fund is conducting the search due to an increase in the pension fund's real estate allocation, which is being funded by a drop in the domestic equity allocation. No managers will be terminated. Mr. Dahab did not provide information on the new allocations by press time.
The RFP is available on Dahab's website. Proposals are due at 5 p.m. EST on Dec. 16. A timetable for a decision has yet to be determined.