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Posted on: May 14, 2019, 6:01 p.m.
CalSTRS reportedly plans to buy the apartment company Fairfield Residential from Brookfield Asset Management. CalSTRS, the California state teacher pension fund, will be acquiring a company that manages 43,000 apartments nationwide, including luxury and affordable housing, the publication Pensions & Investments reported. The price was not disclosed. Toronto-based Brookfield bought San Diego-based Fairfield out of bankruptcy in 2010 for about $19 million, according to Reuters. Brookfield and Fairfield closed a $1 billion fund in September ... [more] Full investment news articleRelevent to this post: California State Teachers' Retirement System Brookfield Asset Management,