Cambridge Retirement Board

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).  Contracts will be awarded under terms set by the Board and the successful respondent(s) in accordance with M.G.L. Ch. 32 and all applicable investment guidelines administered by the Public Employee Retirement Administration Commission (“PERAC”). The Board reserves the right to reject any and all proposals at its discretion or to select more than one manager and to determine the amount of assets each will manage.  MBE and WBE firms are strongly encouraged to participate in the search.

Proposal must be received prior to 1:00 p.m. EST on May 24, 2024. Proposals will not be accepted after the closing date and time. Please direct questions pertaining to the Request for Proposal via email only to bostonrfp@segalmarco.com.