Julie Donegan was promoted to real estate investment director from interim real estate director, becoming the first female to take on the role at CalSTRS.
A developer working to preserve affordable rentals in South L.A. and build housing for homeless people has won praise from the likes of Oprah Winfrey and Mayor Eric Garcetti, who see his work as an important step in dealing with the city's housing crisis. But the entrepreneur's efforts are also facing criticism from tenant advocates. A look inside SoLa Impact.
CalSTRS Invests In South LA Affordable Housing Developer therealdeal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from therealdeal.com Daily Mail and Mail on Sunday newspapers.
CalSTRS Aims for New $2 Billion Sustainable Portfolio
Pension plan officials believe they can build a new private markets allocation without sacrificing investment targets.
The California State Teachers’ Retirement System (CalSTRS) plans to build a private markets sustainable investment portfolio to go greener while aiming to maintain its investment returns.
The investment committee of the $282.5 billion pension system, the largest teachers’ retirement fund in the world, is expected to approve the new portfolio at its meetings next week.
The pension system’s plan calls for investments of $1 billion to $2 billion in the next couple of years much of it in real estate affordable housing investments, as well as in private equity and infrastructure according to CalSTRS investment committee material.