Norfolk County Retirement System launches search for value-add real estate managers
The $1.3 billion Norfolk County (Mass.) Retirement System is seeking proposals from value-added real estate managers for the possible award of roughly $20 million of the system’s portfolio.
According to an RFP document, Norfolk will consider value-added and opportunistic funds that invest in properties located only in the United States. The pension fund will not consider funds that invest primarily in real estate overseas, development products, land funds, core funds and REIT funds.
Proposals are due Aug. 16.