Massachusetts pension seeks real estate managers
The $665 million Plymouth County (Mass.) Retirement Association is seeking proposals from managers of a closed-end, noncore real estate strategy, according to a public notice on the pension fund’s website.
More specifically, the pension fund seeks a demonstrated ability to manage a diversified strategy that invests in value-added and/or opportunistic real estate investments.
Plymouth County intends to commit approximately $15 million to $20 million. Only proposals for experienced managers of closed-end, noncore real estate portfolios will be considered. Open-ended, first-time funds, and public equity strategies will not be considered.
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