Last month, I wrote about some of the people who have made major contributions to the development of the Institutional Real Estate, Inc. platform since our beginning in 1987. These included Larry Hull of Larco Advisors; Stephen Tomczak of Stephen Tomczak and Associates; and Paul Sach, one of the founders of RREEF, which continues today as part of DWS. This month, I’d like to acknowledge some more of the early contributors and supporters. First up are Bob and Sue Toigo. Bob was the former chief of staff for Leo McCarthy, who, at the time, was the Speaker of the House for the California State Assembly. Bob’s wife, Sue, was a lobbyist back then, advocating for the interests of working mothers and their children.

Bob was eventually approached by Allan Emkin, then a senior consultant at Wilshire Associates, who recruited Bob to lead a lobbying effort: At the time, California state and municipal pension funds were only able to invest in a set list of companies — the “legal