Specifications include, but are not limited to: The Cambridge Retirement Board (“Board”) is conducting a search for broadly diversified core open-end real estate ("Proposed Product") Commingled/CIT strategies (no mutual fund). The total mandate will be approximately $100 million split between multiple investment managers. The Board currently utilizes three core open-end real estate manager and the search is being conducted per M.G.L Ch. 32, which requires the Board to re-evaluate its existing managers on a periodic basis (required every 7 years). MBE and WBE firms are strongly encouraged to participate in the search. All investments made by the Board are subject to the provisions of the Massachusetts General Laws, Chapter 32 and the rules and regulations of the Public Employees Retirement Administration Commission (PERAC). The selected investment manager(s) must have familiarity and agree to comply with all applicable laws and PERAC regulations. The Board reserves the right to cancel or reject in whole or part any or all proposals in the best interest of the Retirement System.
