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Calpers downsizes housing portfolio

Posted on 19 January 2012

Calpers, the giant California pension fund, is dumping one of its last major housing investments at a big loss.
In a major step toward winding down a two-decade program as the pension world’s biggest player in the U.S. housing market, Calpers is selling a portfolio of 28 housing communities to a partnership between San Diego-based developer Newland Real Estate Group LLC and an affiliate of Japan’s largest home-building company, Sekisui House Ltd………………………………………..Full Article: Source


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