Texas Municipal Retirement System, Austin, will issue an RFP for a real estate investment consultant in the first quarter of 2015, said spokesman Bill Wallace, in an e-mail.
The search is being conducted as a “best practices” measure and will be handled internally, Mr. Wallace wrote.
Incumbent consultant ORG Portfolio Management will be invited to rebid.
The RFP will be available on the pension fund's website.
The $23.4 billion pension fund has a 10% target allocation to real estate.