Massachusetts Housing Finance Agency Retirement System, Boston, is looking to commit $30 million to an open-end core real estate fund.
The $214 million pension fund has issued an RFP because of Massachusetts Public Employee Retirement Administration Commission requirements to put services up for bid every seven years, said Joseph M. Petty, the pension fund's executive secretary, in an email.
He said current managers AEW Capital Management and Intercontinental Real Estate can bid for the services.
As of Sept. 30, the pension fund's actual allocation to real estate was 13.3%; the target is 8%.
The RFP is available on the website of investment consultant Meketa Investment Group, which is assisting with the search. Registration is required. Proposals are due at 3 p.m. EST on Nov. 30. A timeline for a selection was not provided.
