Pension funds eye ventures with REITs as a way to build returns

Pension funds including CalPERS, Texas Teachers, Canada Pension Plan and PGGM have been forging ties with REITs to rebuild their returns. The partnerships are good for REITs as well, as they continue to deleverage, Morningstar says. The firm predicts that such joint ventures will increase in 2011 and 2012, as more mortgage loans start to come due.

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