CalSTRS and Korea POBA Forms U.S. Apartment Joint Venture
Posted on 02/07/2020
California State Teachers’ Retirement System (CalSTRS) and South Korea’s Public Officials Benefit Association (POBA) signed a deal to create a joint venture to allocate capital to U.S. apartments. In a 50:50 joint venture, CalSTRS and POBA will contribute US$ 150 million each to the new JV. Apartment manager Fairfield Residential Company LLC will commit US$ […]
