The Essex Regional, MA Retirement Board ("Board") is considering the procurement of a "private" real estate investment manager to be responsible for managing value-added real estate including opportunistic real estate for the Board amounting to a total of approximately $10.0 million. Bids for both "open-ended" and "closed-ended" products will be acceptable. Individual contracts will be awarded and stated in accordance with the provisions of PERAC 840 CMR.