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Pension Funds Are Feeling the Pain of Commercial-Real-Estate Woes

Pension funds, REITs, and insurers hold more than $1.2 trillion in commercial-real-estate debt. CalSTRS, a California pension fund, told the FT it will be writing down its real-estate portfolio. “This is just the beginning” for funds, said Trepp’s Manus Clancy. loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized …

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