Florida State Board of Administration, Tallahassee, named Courtland Partners, ORG Portfolio Management and Townsend Group as finalists in a search for real estate and strategic investments consultant services, said Dennis D. MacKee, FSBA communications director.
The board, which oversees $165 billion, could hire separate consultants for its $10 billion real estate allocation and for real estate-related investments in its $6.3 billion strategic investments allocation, or one consultant for both services.
The board issued an invitation to negotiate in March because the contract of Townsend, the incumbent for both, expires June 30.
Ten consulting firms responded.
The FSBA's selection committee, which picked the finalists and is made up of staff members, plans to make a recommendation May 14 to Ash Williams, executive director and chief investment officer, who will make the decision.