For years Meyer Melnikoff has been telling pension funds that they should be buying real estate. Now they believe him.
WITHOUT US the real estate world might be in great disarray," says Meyer Melnikoff, the soon-to-retire senior vice president for group pensions at the Prudential Insurance Co. of America. "Some developers might have collapsed if the pension industry were not around to take property of their hands." Melnikoff is not exaggerating. Pension funds have been... Read More