The California Public Employee's Retirement System and the California Teachers' Retirement System posted strong returns from their real estate investments.
Whitehall Street Global Real Estate LP 2005 and Whitehall Street Global Employee Fund 2005, in which Goldman Sachs was a major investor, were the hotels' previous owners.
The Federal Reserve Board, the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency proposed raising the price threshold for commercial real estate appraisals.