It is a big news for real estate that nations largest pension fund has changed its policy on investing in real estate to balance its socially responsible investment policy for the profits.

This decision came after the CalPERS which manages about $210 billions in assets as its real estate portfolio looses half of its value till september 2009.

If you see then some of the biggest losses came from investments in real estate ventures whose financial success depends on pushing low income residents out of rent-controlled housing.

Just check this out as CalPERS is known for its influence on socially responsible investing.

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