Publications

Worcester Retirement System launches RFP for real estate manager
Investors - AUGUST 3, 2020

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

Sign in Sign up for a FREE subscription

Worcester Retirement System launches RFP for real estate manager

by Kali Persall

The Worcester (Mass.) Retirement System has issued an RFP seeking a manager of a closed-end noncore real estate fund.

The System will only consider experienced managers of closed-end noncore real estate funds. Open-ended first-time funds, public equity strategies, secondary and fund-of-funds investments will not be considered.

Under the mandate, Worcester is planning to commit $15 million with the chosen manager.

As of February, the pension fund had a 7.6 percent allocation to the real estate asset class.

Forgot your username or password?