Public Pensions Were Backing PE Funds Kicking Out Cheaper Tenants for Higher-Paying Ones

Posted on 03/31/2020

New York State Teachers’ Retirement System, a US$ 122.5 billion retirement investor, will not be earning all of its money back from an investment in 16 buildings it financed through Madison Realty Capital, a private real estate investor. Madison then went on to finance an independent landlord who wasn’t able to deliver on the promise […]

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