The California State Teachers’ Retirement System (CalSTRS) said its real estate return stood at 9.2 percent for the fiscal year ending June 30, underperforming its 13.2 percent benchmark – the NCREIF Property Index – by 4.2 percent. The underperformance of the asset class reflected generally flat investment returns at the pension system, which reported a 1.8
Real estate returns at CalSTRS fall short of the mark…(2)
The second largest US pension plan said returns for real estate during fiscal year 2011-2012 fell short of an industry benchmark and were down from a 17.5 percent return the previous year.
