Salem (Mass.) Retirement Board is searching for a real estate manager to run $2.5 million in core, value-added or opportunistic styles, confirmed Kevin Leonard of consultant Segal Advisors.
The plan has roughly $77 million in assets, said Marcia Pelletier, Salem executive director.
Inquiries should be directed to Rosemary Guillette at [email protected] The deadline is 3 p.m. EST Feb. 1; the board hopes to make a selection by the end of the first quarter.
The asset class is new, and funding would come from a reallocation of assets, Mr. Leonard said.