RFP Core Real Estate

The Board Members of the Plymouth County Retirement Association (hereinafter "Board") are seeking proposals from managers of open-end core real estate funds. 

The Board currently invests approximately $50 million in open-end core real estate in two strategies. Only proposals for well-established and experienced managers will be considered. More specifically, the investment proposed should: 1) have a minimum net asset value of $1 billion and 2) be well diversified both geographically and by property type. The objective of this Request for Proposal shall be to identify that manager whose expertise will best meet the Board's goals and needs. 

The funds shall be managed in compliance with Massachusetts General Laws, Chapter 32 and Chapter 176, the regulations of the Massachusetts Division of Public Employee Retirement Administration Commission, 840 CMR, and the Placement Agent Policy (available from http://www.mass.gov/perac/docs/forms-pub/memos/2011/perac-placement-agen...).

All bidders are hereby advised that any proposal selected shall be subject to (1) approval of the Board, (2) a written contract and (3) approval of the engagement by the Massachusetts Public Employee Retirement Administration Commission (PERAC).