CalSTRS is searching for independent real estate fiduciaries to evaluate commingled funds, joint ventures, real estate investment trusts, debt structures, international investments, land investments and investments in infrastructure, said an RFP issued Thursday.
The selected firms would be part of a pool and could also be asked to perform other real estate fiduciary work.
Firms selected will have an open-end contract.
The $193.1 billion California State Teacher’ Retirement System, West Sacramento, has an in-house investment staff of 18 real estate professionals.
The RFP is available on procurement website BidSync. Proposals are due at 2 p.m. PDT Aug. 27. A timetable has not been set to interview finalists and hire firms.
Officials at CalSTRS couldn’t be reached by press time.