Investors - MARCH 12, 2013

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CalSTRS invests $106 million in real estate

by Andrea Waitrovich

The $155.4 billion California State Teachers Retirement System (CalSTRS) continues to invest for its real estate portfolio, making commitments totaling $106 million.  

For its core portfolio, CalSTRS made a $75 million follow-on commitment to its joint venture with Heitman called CampusCal 2. The venture’s investment strategy is to focus on off-campus university student housing located near universities and colleges with solid enrollment around the United States.

Before 2012 ended, CalSTRS was active in its core portfolio, committing $175 million to core investments, including another student housing joint venture. CalSTRS committed a $75 million follow-on commitment to UCAL, its student housing joint venture

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