Real Estate Portfolio Consulting Services

Real estate investment consulting services with the goal of hiring one such firm to provide expert advice on policies, strategies, due diligence and monitoring at all phases of the investment for the Real Estate Portfolio.
- Consultant Services
1) Attend Real Assets Committee and Treasury Investment Committee meetings virtually or in person, and OIC meetings in person, as requested.
2) Assist in the development of Real Estate Portfolio policies, objectives, guidelines, procedures and portfolio strategy.
3) Research real estate investment market trends and capital market trends and provide results or summaries to Treasury, upon request.
4) Identify, analyze and report on new investment trends.
5) Review and consider investment proposals and transactions from potential and existing investment managers.
6) Conduct manager due diligence for prospective new relationships.
7) Provide written recommendations (including a summary of due diligence findings, investments merits and risks, portfolio fit, etc.) to Treasury on every Real Estate Portfolio proposal presented to the Treasury Investment Committee or OIC.
8) Assist with the negotiation of partnership terms and legal documents, as requested. Assist with the modeling of distribution waterfalls and incentive compensation arrangements.
10) Assist staff with the preparation of the annual review of the overall Real Estate Portfolio strategy, risk levels and performance and generate a presentation to the OIC for the annual review.
11) Other activities may be required periodically to assist Treasury or OIC, upon request. These activities may include, but will not necessarily be limited to the following:
a. Market research on a specialized sector or geography;
b. Landscaping of all relevant managers/investment partners within a given strategy space;
c. Research on new investment structures;
d. Fee analysis on prospective transactions;
e. Assessment of manager/partner property-level underwritings;
f. Review of manager contracts, consent and amendment requests, and advisory board consent requests/issues, as requested; and
g. Peer analysis of OPERF relative to similar public pension plan real estate portfolios.
12) Attendance at meetings with advisors/managers/partners, upon request.
13) Attendance at partnership annual meetings and/or meetings of fund Advisory Boards, upon request.
14) Review and validate incentive fee calculations from investment funds and partnerships.