NREI_INSTITUTIONAL OUTLOOK_ Penton Media February 9, 2009 If you want to view this on the web go to: http://enews.penton.com/enews/nrei/v/660 ONLINE EXCLUSIVE --Study: Many Pension Funds Focused on Wrong Metrics By Ben Johnson As U.S. pension funds face increasing pressure to cover baby boomer pensions, a new study says that they are not focusing on the right performance metrics. The study, conducted by MetLife, recommends that more resources be devoted to longer term strategic thinking and performance measurements. Such a strategy could change how pension funds monitor their commercial real estate portfolios, which are often held for up to 10 years and are not as easily valued on a daily or quarterly basis as stocks and bonds, for example. To view the full article go to: http://nreionline.com/finance/news/metlife_sudy_pension_funds_0209/ Q&A --Green Lives Despite Economic Crisis By Ben Johnson Conventional thinking might tell you that in times of economic crisis, the last thing on institutional investors' minds is sustainability and green initiatives. But a new report from San Francisco-based RREEF, "How Green a Recession? -- Sustainability Prospects in the U.S. Real Estate Industry," makes the case that in spite of this recession, sustainability should be a fundamental part of any long-term investor's strategy. Andrew Nelson, the author of the report, leads RREEF's sustainability research and relies on more than 20 years of experience working in private and public real estate investment and development. With more than $67 billion in assets under management, RREEF is the alternative investment management division of Deutsche Asset Management, a member of the Deutsche Bank Group. To view the full article go to: http://nreionline.com/finance/news/qanda_andrew_nelson/ INSTITUTIONAL TIDBITS --CalPERS loses No. 1 status, begins furloughs Staff report In January, the Federal Thrift Savings Plan became the largest pension fund in the United States with $197.3 billion in assets under management, knocking the California Public Employees' Retirement System off its No. 1 perch for the first time in the past decade. The Federal Thrift Savings Plan serves federal government employees and was established by Congress in 1986. Adding insult to injury, CalPERS will be running reduced staffs on the first and third Friday of each month until June 30, 2010 to comply with California Gov. Arnold Schwarzenegger's order that all state-employed officials be furloughed on those dates to help reduce the state's enormous budget deficit. The move affects CalPERS' corporate headquarters and regional office in Sacramento, regional offices in Fresno, Glendale, Orange, San Bernardino, San Diego, San Jose and Walnut Creek, and member and employer customer call centers. The furlough order took effect on Friday, Feb. 6. To view the full article go to: http://nreionline.com/finance/news/institutional_tidbits_0209/ Advertisement ---------------------------------------- Invest in a CCIM. A Certified Commercial Investment Member (CCIM) is a qualified commercial real estate professional that brings an impressive depth of knowledge and added value to each client assignment. Click here to meet a CCIM in your market: http://pagepoint.ccim.com/?p=nrei. ---------------------------------------- Featured Research ---------------------------------------- *2009 Real Estate Investment Outlook (http://nreionline.com/research/2009_real_estate_investment_outlook/) *ASHA 2008 (http://nreionline.com/research/issue_20080901_1/) *Top 25 Office Owners (http://nreionline.com/research/real_estate_top_office_owners_0701/) *Top 25 Apartment Owners (http://nreionline.com/research/real_estate_top_apartment_owners_0701/) ---------------------------------------- Advertisement ---------------------------------------- The 2nd Real Estate Private Equity Summit will explore unique investment strategies and opportunities in the real estate and private equity industry. 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(http://nreionline.com/jblevypodcast/) Here's three borrowing tips for executing deals in what will likely be another tumultuous year in the capital markets. ---------------------------------------- Advertisement ---------------------------------------- MLIS Registration is Now Open Register today to meet leading lodging real estate industry experts, discuss important trends, and identify new opportunities. Experience intensive networking and education, designed to maximize your lodging investments. To register, click here: www.midwestlodginginvestors.com. Your PROMOTION CODE is E01. ---------------------------------------- ---------------------------------------- Now available, the 2008 Annual Green Building Survey & Directory. The Penton Commercial Real Estate Group teamed up to produce a special research report about going green. Click here (http://nreionline.com/2008GreenBuilding.pdf) to download the Green Building Survey and Directory. For information on how to participate in the 2009 directory, please contact Marianne Rivera: mailto:marianne.rivera@penton.com. ---------------------------------------- ABOUT THIS NEWSLETTER Do you have editorial comments or ideas regarding NREI Institutional e-newletter? Contact Sibley Fleming at mailto:sibley.fleming@penton.com You are subscribed to this newsletter as #email# To subscribe to this newsletter go to: http://subscribers.nreionline.com/?tc=NLSUB To unsubscribe from this newsletter go to: http://pbinews.com/webforms/newsletter/unsub/?email=#email#&lid=#list_id#&mid=#message_id# For information on advertising in this newsletter, please contact Marianne Rivera at 312-840-8466 or by email at mailto:marianne.rivera@penton.com. 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