CalPERS Plans to Invest More in Asian Real Estate

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The California Public Employees’ Retirement System plans to invest $530 million in commercial real estate in China and other Asian countries. The Sacramento Bee reports that in keeping with CalPERS’ conservative, post-crash approach to real estate – and awareness of how the European Union’s sagging economy is hurting China – the investments will be confined to projects that are already built and leased up.

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