Los Angeles Business Journal

CalPERS Plans to Invest More in Asian Real Estate

Friday, August 17, 2012

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.