Brockton (Mass.) Contributory Retirement System is looking for at least one real estate manager to run $7.5 million, according to an RFP posted on the website of NEPC, investment consultant to the $337 million pension plan.
Prospective firms must have raised at least two prior real estate funds and be raising a new fund with a target of at least $150 million, according to the RFP. The pension plan could commit up to $7.5 million to two or three managers in 2013 or 2014.
The RFP is available on NEPC's website. Proposals are due at 4 p.m. EDT June 28.
Harold Hanna, executive director of the pension plan, did not return a telephone call seeking more information by press time.