Fairfax County Commits $13.75M in Real Estate, Plans to Issue Consultant RFP

The Fairfax County Educational Employees’ Supplementary Retirement System allocated a total of $13.75M to two real estate funds and will be issuing an RFP for a general investment consultant at the start of next year.

According to materials related to its board meeting on December 13, the Virginia-based pension committed $8.75M to FPA Apartment Opportunity Fund IX and $5M to Berkshire Multifamily Credit Fund IV. Both deals – committed on November 12 and 20, respectively – will be counted as part of the 2025 allocation.

The pension is also set to issue an RFP on January 3, 2025, for a general investment consultant, with deadline for proposals set tentatively for March 7, 2025. Finalist board presentations and consultant selection is expected to take place in May next year. Selected candidates will be awarded a five-year contract with an option to renew.

Written By: Dakota

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Fairfax County Commits $13.75M in Real Estate, Plans to Issue Consultant RFP

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