California Pension Fund Writing Down $52B CRE Portfolio

GlobeSt.com, Apr. 19, 2023–Jack Rogers
The $306-billion California State Teachers’ Retirement System pension fund, known as Calstrs, bet big on real estate and now plans to trim 20% off office valuations.
https://www.globest.com/2023/04/19/california-pension-fund-writing-down-52b-cre-portfolio/?