Public pension investments: How we reported the story

To cover this story, Times reporters built a database of deals made by private real estate funds that received investment commitments from public pensions in California from 2015 to 2022.

Using information from data provider PitchBook, reporters identified so-called value add and opportunistic real estate funds that often purchase underperforming apartment complexes, renovate them, and sharply increase rents to maximize their returns.

Read at Los Angeles Times