Investors - OCTOBER 18, 2021

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Bristol County Retirement System plans allocation to core-plus open-end real estate fund

by Kali Persall

The Bristol County (Mass.) Retirement System is considering a $20 million allocation to a core-plus open-end real estate fund, according to an RFP listed on the fund’s website.

The investment goal was made following extensive studies by both the system’s actuary and its consultant Segal Marco Advisors to determine the status and the direction the fund must take in order to best serve the current and future needs of its members. Given the system’s current asset allocation, the board has decided to seek proposals from core-plus open-end real estate fund managers that offer proper diversification for the portfolio in combination with the other strategies employed.

Funds can be focused on one or more property types, including niche property types or sectors such as workforce housing, senior living, life sciences or self-storage. Ideally, the fund will be complementary to an existing core allocation and will include significant exposure to noncore property types and/o

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