CalSTRS Seeking to De-Risk CRE Portfolio Beginning with Multifamily

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The nation’s second largest public employee pension fund, California State Teachers’ Retirement System (CalSTRS) said it plans to take steps to lower its risk exposure in its real estate investments in the coming year.

The $189 billion fund is planning to liquidate non-strategic CRE assets, particularly those it acquired before 2008. The fund said it also will begin to exit what has been one of the strongest performing property segments annually…


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