Massachusetts-based pension searches for value-added real estate managers
The $290 million City of Quincy (Mass.) Contributory Retirement System has launched a search for real estate investment managers. The pension plan intends to allocate $10 million to a closed-end value-added real estate strategy.
Meketa Investment Group, investment consultant for the pension fund, is assisting with the search.
Only proposals for experienced managers of closed-end, value-added real estate portfolios will be considered. Open-end funds, first-time funds, public equity funds and sector-specific strategies will not be considered.
The RFP is available on Meketa’s website, and proposals are due Oct. 11. A selection date was not disclosed.