Stop CalSTRS Risky Real Estate Investments: A Ticking Time Bomb for CA Taxpayers

The Issue

CalSTRS recently lost $100 million in a failed attempt to convert rent-controlled apartments at New York City's Stuyvesant Town to high-end luxury housing. CalSTRS has made a risky investment of $42 million in the 8 Washington Street Project which is far from a sure thing. Sign the petition and ask the investment committee to reconsider these investments which jeopardize teachers' retirement benefits.

avatar of the starter
Lorraine Honig, Retired TeacherPetition Starter
This petition had 393 supporters

The Issue

CalSTRS recently lost $100 million in a failed attempt to convert rent-controlled apartments at New York City's Stuyvesant Town to high-end luxury housing. CalSTRS has made a risky investment of $42 million in the 8 Washington Street Project which is far from a sure thing. Sign the petition and ask the investment committee to reconsider these investments which jeopardize teachers' retirement benefits.

avatar of the starter
Lorraine Honig, Retired TeacherPetition Starter

The Decision Makers

Harry M. Keiley
Harry M. Keiley
Chair, Teachers' Retirement Investment Committee, CalSTRS

Petition Updates