The real estate firm is now one of the sector’s major players, thanks to the $4bn Digital Colony Partners. We examine how it got there despite a protracted period of corporate challenges, negative headlines and a mixed performance record.
The $240bn pension aims to be the ‘partner of choice’ for managers, operating companies and its peers in direct structures. Deputy CIO Scott Chan explains how CalSTRS’ ‘collaborative model’ is the blueprint to achieve these goals.
The consortium is on track to recoup its $1.15bn investment by 2021 – just 12 years after being awarded a 75-year lease to operate the city’s on-street meters. But it still can’t shake the stigma of a bad PPP.