MassPRIM board issues RFP for companies interested in providing timber investment consulting services, general real estate investment consulting services or project real estate consulting services
April 24, 2014
(Industry Intelligence Inc.)
– The Massachusetts Pension Reserves Investment Management (MassPRIM) board has issued a Request for Proposals (RFP) aimed at attracting companies interested in providing timber investment consulting services, general real estate investment consulting services or project real estate consulting services.
Firms may submit one proposal to provide one or multiple services detailed in the RFP, according to an April 14 letter posted on the website of Boston-based MassPRIM.
The procurement officer for the RFP is John F. La Cara, and proposals, complete with attachments, must be submitted electronically to the procurement officer via email no later than 3 p.m. Eastern Time on May 15. The deadline to submit any questions for the procurement officer is May 2.
The letter, signed by MassPRIM’s Executive Director and Chief Investment Officer Michael G. Trotsky, said MassPRIM appreciated “the time and effort required to respond to this RFP” and that all potential providers who submitted RFPs “can be assured that the same time and effort will be expended in evaluating each proposal.”
MassPRIM has been a significant investor in timberland, with The Campbell Group and Forest Investment Associates among timberland investment management organizations that it has worked with.
After selling a large chunk of its timberland portfolio in 2007, MassPRIM made a commitment in 2010 to invest US$500 million in U.S. timberland, and selected The Campbell Group to manage its new investment. A spokesperson for The Campbell Group confirmed to Industry Intelligence on April 24 that the company still works with MassPRIM.
The primary sources of this article are a Request for Proposals (RFP) on the website of Boston-based MassPRIM, and Industry Intelligence archives.