GLOBAL – Managers are asked to apply for a $30m (€22.3m) real estate securities mandate being tendered by a German investor using IPE-Quest.
The German family office conducting search QN1275 is looking for a manager to oversee a listed securities portfolio based around US and Canadian real estate covering core properties, as well as value-added and opportunistic investments.
The actively managed portfolio would be awarded to a manager overseeing at least $500m in similar assets and $1bn in overall assets across the company.
Managers should have a minimum of three years' experience with assets in the specified sectors, although a five-year track record would be preferred.
The family office said it had yet to decide on a performance benchmark and would confirm its tracking error guidelines at a later date.
Interested parties have until 6 February to apply, stating performance, net of fees, to the end of December.
The IP Real Estate news team is unable to answer any further questions about IPE-Quest tender notices to protect the interests of clients conducting the search. To obtain information directly from IPE-Quest, please contact Jayna Vishram on +44 (0) 20 3465 9330 or email email@example.com.