NYC Board Of Ed Eyes Real Estate

July 7, 2008

The City of New York Office of the Comptroller has hit the market for private equity real estate managers on behalf of the New York City Board of Education Retirement System (NYCBERS). According to the RFQ issued for the search, NYCBERS is looking for one or more managers to oversee $130 in private equity real estate investments through fund-of-funds, manager-of-managers, limited partnerships, open-end real estate funds and other investment vehicles. The plan wants to gain exposure to 'a diverse range of property types' through core and enhanced/opportunistic investments.

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