NETHERLANDS - A Dutch institutional investor is looking for a real estate manager via IPE-Quest.
The mandate is for an active $100m (€73.8m) US and Canada real estate mandate benchmarked against the FTSE EPRA NAREIT North America TR Index with a tracking error between 1.5% and 8%.
The investor is looking to expand its in-house global real estate expertise to the active management of global REITs.
As stated in search QN823 it is looking for a combination of top-down and bottom-up approach.
Interested managers should have a minimum five years' track record but the preferred track record is 10 years. Performance should be stated to June 30 net of fees.
The search ends on 1 August.
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