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.