realestate

Illinois Retirement System Seeks Bids on US Residential Real Estate Investments

The Illinois Municipal Retirement Fund issues RFP for closed-end, value-added investment managers.

T
he Illinois Municipal Retirement Fund (IMRF) has issued a request for proposals to invest in closed-end, value-added, opportunistic U.S. residential real estate funds. IMRF is seeking equity funds that focus on diverse residential property options or have at least 75% of their capital invested in such properties.

    A minimum commitment of $50 million will be made to selected strategies. The request for proposals will be posted on October 28 with a deadline of November 22, and can be accessed through the IMRF website at www.imrf.org under Business Opportunities in the Investments tab.

Illinois pension fund seeks bids for US residential real estate investments nationwide.