Massachusetts Water Resource Authority Employees’ Retirement System, Chelsea, is searching for a real estate manager to run up to $4 million for the $420 million pension fund, said an RFP posted on the website of investment consultant NEPC, which is assisting in the search.
Only managers raising at least $500 million in a value-added or opportunistic real estate fund will be considered. Core open-end funds will not be considered.
The RFP is available on NEPC’s website. Proposals are due by 4 p.m. EST Jan. 2. A selection date could not be learned by press time.
NEPC analysts Ali Hart and Matt Ritter could not be reached. Sheryl C. Trezise, executive director of the pension fund, did not return a phone call by press time.