Thursday, July 07, 2005

NJ Pensions Invest in Real Estate

This will eventually cause property taxes to go up in NJ even more.

"When the tech boom went bust A few years ago, New Jersey's public pension fund was among the hardest hit in the country, suffering a loss in its tech-laden portfolio of nearly one-third of its value, or $30 billion. Now the State Investment Council has another great idea: In January it decided to jump into--this can't be a surprise--real estate."

Go to rest of article...


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