One way pension funds from other countries and states make their profits is by purchasing Manhattan real estate, but the pension funds actually based in the city have not taken up this strategy. All five of the city’s pension funds are tenants rather than owners of the places where they do business, according to the New York Times. The pension fund of city teachers, for instance, is a tenant at 55 Water Street, where it […]
source https://therealdeal.com/2018/06/07/should-nycs-pension-funds-profit-from-its-real-estate/
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