Julie Donegan as named CalSTRS real estate investment director

The $321.3 billion California State Teachers’ Retirement System (CalSTRS) has promoted Julie Donegan to real estate investment director.

Donegan replaces Mike DiRè, whom Donegan reports to and who is now CalSTRS’ senior investment director of private markets.

Donegan joined CalSTRS as a real estate portfolio manager in 2019, most recently focusing on residential assets while serving as interim director of Real Estate. As a portfolio manager, Donegan oversaw Fairfield, CalSTRS’ largest real estate operating partner; played a lead role in a key affordable housing investment in California; and participated on internal net-zero and diversity, equity and inclusion teams.

Before joining CalSTRS, Donegan worked 15 years in the private sector, most recently as a senior vice president for Franklin Templeton in Sacramento.