Boston Water and Sewer Commission seeks core open-end real estate manager

Boston Water and Sewer Commission has launched a search for a qualified investment management firm to manage a core open-end real estate mandate, according to a posting on NEPC’s website.

Boston Water and Sewer said it will invest up to $10 million from its $143 million defined benefit plan.

To be considered, each firm’s core open-end real estate fund must have at least $500 million in strategy assets and at least five existing public fund clients at the firm level, and its strategies must be diversified by exposure and geographically across the United States.

REITs and closed-end private real estate strategies will not be considered.

All RFQs must be submitted by Feb. 18. For more information, click here.