Investors - MAY 20, 2020

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Norfolk County launches RFP for value-add or opportunistic real estate

by Kali Persall

Norfolk County (Mass.) Retirement System is seeking proposals from qualified firms interested in providing value-add real estate services.

Norfolk will look to commit up to $20 million to the chosen firm.

The retirement system will consider value-added and opportunistic funds that invest in properties located in the United States, according to a requests for proposal (RFP) listed on the website of the investment consultant, Wainwright Investment Counsel.

Norfolk said it will not consider funds that invest in real estate overseas, core products, development products, land funds or REITs.

The deadline to submit proposals is June 10.

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