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CalSTRS Acquires Ownership Stake in LCOR

Lehman Bros Sells Mgmt & Development Arm of East Coast Real Estate Platform
By Justin Sumner
CoStar News
May 25, 2012 | 8:02 P.M.

In a deal valued at close to $820 million, the California State Teachers' Retirement System (CalSTRS) has acquired a 90% interest in LCOR, a real estate investment, management and development company, in combination with an extensive real estate portfolio, from LCOR's previous investment partner, Lehman Brothers.

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News | CalSTRS Acquires Ownership Stake in LCOR