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Do US Pensions Threaten Real Estate?
Pension Pulse 
[Opinion] July 5, 2017
"So, can underfunded US public pensions pose a threat to residential real estate? You better believe it, especially in states like Illinois where public pensions pose a serious threat to state finances and a court ruling just sent the state into a financial abyss.... And ... what will happen to commercial real estate values when the next crisis hits and these mature, chronically underfunded pensions have to unload commercial real estate to meet their pensions obligations?"
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