Quincy Retirement System releases RFP

Board members of the pension fund are looking for non-core real estate funds.

Name: Quincy Retirement System
Headquarters: Quincy, US
AUM: $833.26 million
Allocation to private real estate: 9%

The Quincy Retirement System (QRS) has issued a request for proposal for managers of value-add real estate funds. These vehicles should have a minimum target size of $350 million and a diversified property portfolio within the US.

The board plans to commit roughly $7 million to the fund. QRS’s allocation of 9 percent allocation to private real estate is slightly below its target allocation of 10 percent. The due date for submissions is May 29 2024.

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