Massachusetts Water Resource Authority pension fund looks to real estate

Massachusetts Water Resource Authority Employees’ Retirement System, Chelsea, is searching for a closed-end real estate fund manager to run up to $4 million.

The focus of the search is a direct investment in a value-added, opportunistic real estate fund, according to an RFI posted on the website of NEPC, the $320 million pension fund’s investment consultant.

The RFI is on NEPC’s website. Proposals are due at 4 p.m. EDT Oct. 26. A timetable for a decision was not available by press time.

Sheryl Trezise, executive director, referred questions to Sebastian Grzejka, consultant at NEPC, who did not return a phone call by press time.