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Real Estate & Property Law

: The Home Equity Theft Reporter

Giant California Public Employees Pension Plan Feeling Backlash For Its Role In Predatory Equity Real Estate Investments

By r morris

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The Wall Street Journal reports:Calpers took a hit last year when its investment in Manhattan's Peter Cooper Village and Stuyvesant Town apartment complex collapsed. But Stuyvesant Town wasn't the huge pension fund's only foray into real-estate investments that involved ousting low-rent tenants. The California Public Employees' Retirement System has partnered with firms that have bought and

Full post as published by The Home Equity Theft Reporter on February 27, 2010 (boomark / email).

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