Alameda County Employees' Retirement Association, Oakland, Calif., hired Callan Associates as real estate consultant, said Agnes Macadangdang, administrative specialist in the investments department, in an e-mail.
The $6.8 billion pension fund issued an RFP in September with the assistance of governance consultant Cortex Applied Research. Other finalists were Courtland Partners and incumbent consultant Townsend Group.
The pension fund's real estate target is 6%. As of Dec. 31, it had an actual allocation of 6.6%.