Holyoke (Mass.) Contributory Retirement System is searching for real estate managers to run $9 million in core open-end strategies and $10 million in value-added closed-end funds, said Cheryl Dugre, executive director of the $240 million pension fund.
Segal Rogerscasey, investment consultant to the pension fund, is assisting with the search.
Segal Rogerscasey spokesman Todd Kohlhepp said the core real estate search is being conducted because the pension fund's contracts with its current managers, American Realty Advisors and Invesco, are set to expire later this year. Both managers can rebid.
The board might hire several managers for the allocations.
The RFP is available on Segal Rogerscasey's website. Proposals are due by 3 p.m. EDT on Sept. 21. A selection date was not disclosed.