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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

Alaska Permanent Fund to invest 1 pct in foreclosed home market

Posted on 29 May 2012

The Alaska Permanent Fund Corp. will be expanding its investment into the home market. Executive director Mike Burns tells the Juneau Empire that the fund intends to buy hundreds of foreclosed properties and maybe more.
Burns says fund trustees at their meeting in Anchorage last week decided to make buys in some of the nation’s most distressed housing markets. He says the plan is to buy foreclosed properties and rent them out while waiting for the real estate markets to improve………………………………………..Full Article: Source


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