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.
By GlobeSt News Hub|December 13, 2010 at 01:01 AM
Thank you for sharing!
Your article was successfully shared with the contacts you provided.
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.
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
Want to continue reading? Become a Free ALM Digital Reader.
Once you are an ALM digital member, you’ll receive:
Unlimited access to GlobeSt and other free ALM publications
Access to 15 years of GlobeSt archives
Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
3 free articles* across the ALM subscription network every 30 days
Exclusive discounts on ALM events and publications
*May exclude premium content
Already have an account? Sign In Now
CRE professionals are relying more on data and analytics to drive decision making. Discover how alternative data sets provide a competitive edge on everything from choosing the best location for your next development opportunity to optimizing existing real estate footprints.
Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!
Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
Exclusive discounts on ALM and GlobeSt events.
Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.