Salem (Mass.) Retirement Board is looking to hire a real estate manager to run $2.5 million, confirmed Kevin Leonard of consultant Segal Advisors.
The board hopes to make a selection by the end of the first quarter.
The plan has roughly $77 million in assets, said Marcia Pelletier, Salem executive director. The asset class is new, and funding would come from a reallocation of assets, Mr. Leonard said.
