Bristol County Retirement System, Taunton, Mass., is considering committing $20 million to an open-end core-plus real estate fund.
Segal Marco Advisors, investment consultant to the $925 million defined benefit pension plan, is assisting with a search.
This would be a new allocation for the pension plan, Roxanne L. Donovan, executive director, said in an email. Funding will come from cash.
The pension fund had an actual allocation to real estate of 8.2% as of March 31.
The RFP is scheduled to appear on Segal Marco's website this week. Proposals are due by noon EST Nov. 10.
Ms. Donovan said she expects a selection to be made in December or January.