Advertise, Promote, Attend, Create – Work with Connect.
A full service marketing and PR agency.
Meet the team behind the machine and taste a little of the secret sauce.

California CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

California  + San Diego  + Retail  | 

CalPERS Not Meeting Investment Goals

Despite the fact that commercial real estate has improved greatly since the recession, CalPERS is not getting returns expected by the Sacramento-based pension fund’s management.

In its real-asset investment fund, which accounts for 10 percent of the money it puts toward investments, and is mostly commercial real estate, returns were at 3.7 percent in the last 10 months, as opposed to the 4.7 percent that were forecasted.

Real estate specifically only gained a 3.3 percent return, which is considered very low, since property values are on the rebound after the recession and fundamentals are becoming much stronger.

CalPERS’ administration said that once full-year numbers come out next month, it should show the overall improvement in the fund’s real estate portfolio returns.

Connect

Inside The Story

Read More at LATimes.com

About Connect CRE

Step 1: Select Education
  • ◦Financing
ConnectMoney-01-cube
NewPoint-12-cube
NewPoint-12-cube
Money360-28-cube