Lengthy list of state and local officials announce their opposition to the #Prop10 rent control expansion headlined by former LA mayor @antonio4ca. Current LA mayor @ericgarcetti is in supportpic.twitter.com/WYGXXm2kCK
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investing in a completely different asset class than what you told your investors you'd invest in is probably fraud? You'd have to raise a dedicated real estate fund. But also, generally speaking, many VC firms are stewards of capital on behalf of orgs like pension funds which
have to produce returns to fund the retirements of workers. The city of SF has $1B invested in venture capital for public sector retirees, for example. https://mysfers.org/wp-content/uploads/2017/09/SFERS_AnnualReport_FY16_web.pdf …pic.twitter.com/w7VSogWgpO
there are some real estate funds, which invest capital on behalf of CalSTRS (AKA California teacher's retirements) that would like SF real estate to have a lower expectation of return akin to infrastructure since it's a relatively safe asset, but no dice.
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