Non-Core Real Estate Fund Management Services for Quincy Retirement System

The Board Members of the Quincy Retirement System seek proposals from experienced managers of closed-end non-core real estate debt or equity funds. The Board intends to commit approximately $18 million in total to identify a manager whose expertise best meets its goals and needs. Eligible investments must target a value-add risk profile, invest only in the United States, target more than 20 properties diversified by type and geography, and have a minimum target fund size of $350 million. The solicitation excludes secondary and fund-of-funds investments, and selected managers must agree to comply with applicable Massachusetts General Laws and PERAC regulations. Bidders must submit responses digitally by November 18, 2026, at 12:00 pm EST via the provided Dasseti link or email. Any selected proposal remains subject to Board approval, a written contract, and approval by the Massachusetts Public Employee Retirement Administration Commission.