The California State Teachers’ Retirement System (CalSTRS) appointed RCLCO as its new real estate consultant, replacing Townsend Group, effective March 2018.
The change of real estate consultant ended the nine-year partnership between CalSTRS and Townsend Group, and CalSTRS will sign a three-year contract with RCLCO, with possible two-year extension.
CalSTRS allocates approximately 12 percent of its $215.3 billion total assets to real estate investments.
Platinum subscribers may click here for the CalSTRS’ full profile, including key contacts, allocation strategy and fund investments.
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