State places pension funds into real estate

Full story: Myrtle Beach Online

South Carolina's state pension managers see a chance for that $29 billion fund to profit from the real estate collapse that has affected much of the country.
1 - 1 of 1 Comments Last updated Aug 18, 2008
Donald M Yonce Sr


#1 Aug 18, 2008
REAL ESTATE is good ,only applies to PATIENT money so one would hope for some
saavy on the part of decision makers. I remember their foray into the stock market
as it was crashing. It would be beneficial
to SC if funds could 'stay home" even as
loans to worthwhile ventures or landlords
to other gov't entities. How bout bldg some
energy efficient/creating schools/prisons
for 'lease' to districts /agencies. LET's
get CREATIVE/INNOVATIVE. Money loses purchasing power quickly..8% pitiful. DMY

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