Calpers Eyeing Overseas Real Estate

IPE Real Estate reports ...
• The California Public Employees Retirement System is thinking of expanding overseas and moving its international real estate allocation from its current 20% level to a 50% weighting.

• ... the pension fund feels it is a part of the real estate investment world which should not be ignored.

• One of the major reasons CalPERS is now considering a growth of its international platform is real estate investment returns are not currently as strong in the United States and officials believe there are no indication this will change anytime soon.

To read more, CLICK HERE

By the way, CalPERS real estate portfolio earned 20% in the most recent fiscal year. (DETAILS HERE)

Also: Harvard's endowment hits record $34.9 billion

Housing Bubble and Real Estate Market Tracker from SA for 8/22

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