Real Estate/Development
Aug. 16, 2012
Pension funds gravitating to real estate
With some aspects of the economy beginning to recover, public pension funds are increasingly easing their way back into real estate investments, which is helping to expand lawyers' workloads.
Daily Journal Staff Writer
Four years ago, as the real estate market was imploding, the California Public Employees' Retirement System saw its nearly $1 billion investment in the residential properties of LandSource Communities Development fizzle when the company filed for bankruptcy.
But with some aspects of the market beginning to recover, such public pension funds are increasingly easing their way back into real e...
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