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FUNDRAISING NEWS | December 17, 2024

Lexington Police and Fire Selects LaSalle Property in RE Manager Search

Tags: Pension Funds, Searches, Real Estate, Consultants

The Lexington Policemen's and Firefighters' Pension Plan has selected a new manager in the conclusion of a search to fulfill its real estate mandate. 

In the pension’s November 13 meeting minutes, the board approved a motion to hire LaSalle Property as its new real estate manager. Clarion and Principal were also considered during the search. Dakota first reported in March that the Kentucky-based retirement system was preparing the search following a full redemption of JP Morgan Strategic Property Fund, as recommended by consultant Callan. 

The Lexington Police and Fire pension said it manages $997.2M in total fund assets as of the third quarter. 

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Written By: Dakota

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