The $290 million Quincy (Mass.) Contributory Retirement System is seeking proposals from managers of open-end core real estate funds. The pension plan intends to commit approximately $12 million.
The investment proposed should have a minimum net asset value of $1 billion and be well diversified both geographically and by property type with greater than 30 properties. Real estate debt strategies will be considered for this mandate, while secondary and fund-of-funds investments will not be considered.
Meketa Investment Group, investment consultant to the pension plan, is assisting with the search. The RFP is available on Meketa's website. Proposals are due Sept. 28.
A selection date was not disclosed.
