Real estate is a growing area of investment within the CalSTRS investment management plan.
The CalSTRS real estate portfolio consists of traditional properties, such as offices, apartments, retail and industrial and non-traditional properties, such as hotels. In addition, the portfolio includes partnerships and commingled fund investments. DiRe will assume his duties on July 1, 2000. He was selected following a six-month nationwide search conducted by Heidrich and Struggles to fill the vacancy at the nation's third largest pension fund. The position opened following the November 1999 departure of Mitch Pleis.