CalSTRS selected Lehman Brothers to provide $1 billion in credit for...

CalSTRS selected Lehman Brothers to provide $1 billion in credit for the system's $5.2 billion real estate portfolio. Earlier this year, officials at the $93 billion California State Teachers' Retirement System, Sacramento, decided to employ leverage in its real estate portfolio and hired Principal Capital Real Estate Investors to help find a lender. Lehman will provide a $750 million mortgage and $275 million in unsecured debt.