"Nothing says 'capitulation' like Calpers dumping sites at $35K a pop," tweets Jeff Matthews of...

|By:, SA News Editor

"Nothing says 'capitulation' like Calpers dumping sites at $35K a pop," tweets Jeff Matthews of the pension giant unloading thousands of properties on which it probably paid an average price in the $75K-$150K range. The fund now looks to real estate for stability and an inflation hedge, rather than for high yields. (see also)