Holyoke Concludes Value-add RE Search with $17.5M to TerraCap, Long Wharf

The City of Holyoke Retirement Board allocated a total of $17.5M split between TerraCap and Long Wharf in the conclusion of its value-add real estate manager search from last year.

Recently published minutes from the Massachusetts pension’s November 20, 2024, board meeting showed it approved commitments of $7.5M to Long Wharf Real Estate Partners VI and $10M to TerraCap Partners VI, as recommended by general consultant Mariner. Holyoke first issued an RFP in September 2024 seeking value-add real estate managers for a mandate of approximately $10M. 

Mariner assisted Holyoke in the manager search and review. 

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Written By: Dakota

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