Taunton issues RFP for core and core-plus, public REIT searches

The $325 million Taunton (Mass.) Contributory Retirement System has launched a formal RFP for an open-end core and core-plus real estate investment manager, and is looking to commit $16 million to each sub-asset class.

The System is also conducting a public REIT search for $7 million. The searches are being performed under the guidance of investment consultant Greg McNeillie of Dahab Associates, who will evaluate the proposals and make recommendations.

Only open-end products will be considered for the core and core-plus search. Both active and passive strategy proposals will be accepted for the REIT search.

The deadlines for both proposals are June 27 at 12 p.m.

As of Dec. 31, 2018, the Taunton Contributory Retirement System had a real assets allocation of $48 million — or 16.3 percent.