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Active U.S. or Global REIT Mandate Search (RFP)

RFP Documents:
Search Document (Word Format)
Exhibit 2 - Questionnaire (Word Document)
Exhibit 3 - General Conditions (PDF Format)
Exhibit 4 - Sample Contract (PDF Format)

March 5, 2014

To All Interested Parties:

The Los Angeles City Employees’ Retirement System (LACERS) administers an investment portfolio with approximately $13.0 billion in assets and is seeking one or more qualified investment management firms to actively manage a total of approximately $65 million in a U.S. or global REIT strategy. The proposed strategy must currently be benchmarked against one of the following indices: (U.S. REIT strategies) MSCI U.S. REIT Index, FTSE NAREIT All Equity Index, FTSE NAREIT Equity Index, Wilshire REIT Index, Wilshire Real Estate Securities Index; or (Global REIT strategies) FTSE EPRA/NAREIT Developed Index and S&P Global REIT Index.

Emerging Managers (as defined by LACERS Emerging Investment Manager Policy) are encouraged to participate in this manager search, subject to LACERS investment policies and any provisions specifically stated in the search document that pertain only to Emerging Mangers.

The search document, which details the minimum qualifications each respondent must meet in order to be considered, as well as the required City forms, will be available on LACERS website: lacers.org and at LACERS General Fund Consultant, Wilshire Associates: http://www.wilshire.com/investment-consulting/manager-research/manager-search

Questions and Answers Posted 03/24/14 NEW

Proposal Submittal Deadline:

The deadline for submitting proposals: 5:00 P.M (PDT) on Friday, April 4, 2014.

Additional schedule information:
Written Questions Submission by email: March 12, 2014; 5:00 P.M. PDT
Response to Written Questions posted on Wilshire's website: March 24,  2014

Submittals received after the deadline will NOT be considered.
Finalist candidates may be requested to submit additional copies of their proposal.

Should you have any questions regarding the search parameters, please email them to mgrsearch.neill@wilshire.com, with the name of your firm along with the phrase ‘Active U.S. or Global REITS Mandate Search’ appearing in the subject line, prior to 5:00 P.M., Pacific Daylight Time, on Wednesday, March 12, 2014.

We invite and look forward to your participation in this search.


Thomas Moutes
General Manager