Massachusetts Pension Reserves Investment Management Board (MassPRIM) will soon issue Request for Proposal (RFP) to hire its fifth real estate separate account manager.
The selected manager will oversee $300 million to $500 million of an initial allocation, and invest primarily in core real estate assets.
MassPRIM currently hires four separate account managers, including JP Morgan Asset Management, LaSalle Investment Management, AEW and Invesco Real Estate. It allocates 9.1 percent of AUM to real estate investments.
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