CALPERs, the California retirement fund and 500 pound gorilla of the investing world, is losing money rapidly from their real estate investments. They were the drunk rich uncle in the corner of the room throwing money at every wacky deal that came in the room.
That the chief beneficiaries of these deals were also the [...]Thanks for reading this post. If you would like to see more articles like this, please come visit The Real Estate Bloggers. where it was originally published.Facing Huge Losses, CALPERs Looks To Fire Real Estate Advisors
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