Publications

Investors

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

Massachusetts retirement fund seeks two real estate managers

by Zoë Wolff

Holyoke (Mass.) Retirement System is seeking real estate managers to run $9 million for core real estate in an open-end fund and $10 million for value-add real estate in a closed-end fund, according to an RFP.

Core open-end fund managers must have at least five years experience and at least $500 million of real estate assets under management. Value-add closed-end fund managers also need five years of experience, though only $200 million in real estate assets under management is required.

The contracts of the $240 million pension fund’s current managers, American Realty Advisors and Invesco, are set to expire at the end of the year; both managers can rebid.

The pension fund’s investment consultant, Segal Rogerscasey, is assisting with the search. The RFP is available on Segal Rogerscasey’s website. Proposals are due September 21.

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?