NYC Pension Adopts ‘First in Nation’ Guidelines for Private Real Estate Investments

By Matt Toledo Source: Chief Investment Officer New York City Comptroller Brad Lander on Wednesday outlined new standards for private real estate investments within the portfolio of the New York City Employees’ Retirement System, which has adopted the standards into its investment policy. The standards have been proposed for the city’s other four pension systems. Known as the Responsible Property Management Standards, the guidelines aim to improve the long-term quality and sustainability of residential real estate investments in properties [...]