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Defined Benefit Pension Plans Reap the Benefits of REITs
Real Estate PortfolioLink to more items from this source
Nov. 18, 2004
Excerpt: For an industry that has long struggled to make significant inroads in the defined benefit market, the advice from a leading plan sponsor is music to publicly traded REIT executives' ears. 'Put some money in REITs,' says Borge Tangeraas, chief investment officer for real estate at CalPERS .... .... In the 10 years since pension plans began earnestly investing in REITs, REIT shares have found a place in the portfolios of 20 of the nation's top 100 corporate defined benefit plans.

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