Alaska Permanent Fund Corp., Juneau, is searching for its first real estate consultant, said Paulyn Swanson, spokeswoman, in an email.
The $65 billion sovereign wealth fund issued an RFP for a consultant to complement the existing managers in its real estate portfolio by overseeing strategic planning and underwriting, third-party valuation and appraisals, and data management and reporting.
"We recognize that a real estate consultant can add valuable perspectives on the market as well as contribute some capabilities on the data and reporting side that we are exploring outsourcing," Ms. Swanson said. "Lastly, we are exploring consolidating our third-party appraisal process on directly-held properties through a single third-party consultant."
The actual allocation to real estate is currently 6.4%, according to the RFP. The target is 11%.
The RFP is available on the fund's website. Proposals are due at 4 p.m. Alaska Standard Time on March 5. A timeline for a decision was not provided.