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California Pension Funds’ CRE Portfolios Outperform, but for How Long?

The California Public Employee's Retirement System and the California Teachers' Retirement System posted strong returns from their real estate investments.

The nation’s two largest public pension funds reported strong returns from their real estate investments for their fiscal years ended June 30. The California Public Employees' Retirement System (CalPERS) reported preliminary net returns of 7.6% for its real estate holdings - 43 basis points over its benchmark performance. CalPERS holds $331.7 billion in total assets with real estate making up $30.1 billion of that.

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