CalPERS, through CalWest Industrial Properties, its joint venture with RREEF Funds, has agreed to acquire a portfolio of industrial properties valued at $929 million from Pacific Gulf Properties. Brad Pacheco, spokesman, said the $170 billion California Public Employees’ Retirement System, Sacramento, would buy a 98% stake in the portfolio. The deal includes 72 properties occupying more than 15 million square feet, making it the largest basket of industrial properties the system has purchased.
CalPERS, through CalWest Industrial Properties, its joint venture with...
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