PERS Real Estate Deals Fall Short of Expectations.

Summary


Arkansas Public Employees Retirement System - Statistical Data Included

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Extract


PERS Real Estate Deals Fall Short of Expectations.

Union Building Still Losing, Atkins Less Profitable

THE TWO REAL ESTATE holdings of the Arkansas Public Employees Retirement System continue to fall short of the projections used to justify the investments.

One Union Plaza, the former Union National Bank Building in downtown Little Rock, is still wading through red ink a third of the way through its 15-year planned holding period. And the former Atkins Building, though profitable from the get-go, is more than $325,000 behind the modest projected retur...

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