WEST SACRAMENTO, CA-California State Teachers' Retirement System (CalSTRS), the teachers' pension fund based in West Sacramento, is investing $125 million each in two residential housing developments. This marks CalSTRS first major investment in the housing market. The firm manages about $141 billion portfolio.
The pension fund is collaborating with two realty investment companies, Los Angeles-based Resmark Equity Partners and Irvine-based IHP Capital Partners. They will put in the money in land purchase and project developments. For the full story, go to Sacramento Bee.
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