| 04.08.2011 - CPPIB moves into U.S. apartments |
| The Canada Pension Plan Investment Board is investing in U.S. apartment buildings, a residential real estate sector that has managed to perform well as the broader housing market crumbles. CPPIB invested about $300-million to buy stakes in eight U.S. buildings. Apartment buildings are seen as relatively safe cash-generating investments, because weakness in the housing market drives former home owners to rent..............................................Full Article: Source |