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$ […]

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