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U.S. pension funds turn to riskier real-estate bets

from The Wall Street Journal

U.S. public pension funds are taking on more real estate, and at times some of the riskiest types of property investments, as they try to close their funding gaps. American public plans with more than 20,000 members had an average 7 percent of their assets in real-estate investments at the end of 2017, according to a Wall Street Journal analysis of Boston College’s Public Plans Data, which contains the most recent numbers available. more

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