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Real Estate & Property Law

: The Home Equity Theft Reporter

California State Pension Plan To Cease Predatory Equity Real Estate Investments After Writing Off Million$ In Soured Deals

By r morris

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In Sacramento, California, Bloomberg News reports:The California Public Employees? Retirement System, the largest U.S. public pension, said it will stop investing in real-estate projects that would eliminate rent-regulated apartments, such as New York City?s Stuyvesant Town-Peter Cooper Village. [...] The new policy states that Calpers cannot invest in projects that would eliminate

Full post as published by The Home Equity Theft Reporter on April 24, 2010 (boomark / email).

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