What Pension Funds Need To Know About Commercial Real Estate
I was recently at a dinner party where I had the opportunity to talk with a New York City teacher, who kept pretty good tabs on her pension fund’s performance. She was worried about if, when the time came, there would be enough to fund her retirement and asked me point blank, “Where should we be investing?” Without hesitation I said, “Commercial real estate.” Historically, in order to protect assets, pension funds would invest in safer, low-risk products. Yet recently,...