State-Boston Retirement System is seeking at least one manager to run about $190 million in open-end real estate funds for the $3.9 billion defined benefit pension fund.
Managers should have at least a three-year track record managing an open-end real estate fund, and the proposed fund should have a gross asset value of at least $500 million as of Dec. 31.
The pension fund might choose more than one manager, according to the RFP.
Investment consultant NEPC is assisting with the search.
The RFP is available on NEPC's website. Proposals are due by 3 p.m. EDT on April 4. A hiring date was not disclosed.
