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California State Teachers' Retirement System (calSTRS)
Sacramento, California
Date Joined: March 14, 2005
CalSTRS has called on all of its real estate investment managers to improve the energy efficiency of their properties and to demonstrate that improvement. Recent guidance adopted by CalSTRS requires investment managers to:
CalSTRS also requires property managers to educate tenants, building security staffs and janitorial service providers about the importance of energy management and curtailing after-hours energy use.
CalSTRS is the largest teachers' retirement fund in the United States. As of June 2004, CalSTRS had $5.5 billion invested in 43 million square feet of investment property. The pension fund's primary responsibility is to provide retirement related benefits and services to teachers in public schools from kindergarten through community college throughout California. Through investments in real estate, as well as other financial instruments, CalSTRS generates revenues to provide benefits to its annuitants.
Contact Information:
Michael Thompson
916-229-3832 (phone)
mthompson@calSTRS.com (email)