The Commission authorized the Executive Officer to retain a professional real estate broker to assist with acquiring property using School Land Bank Fund revenue. This action follows a recent report prepared for the Commission that provides a strategy to invest in commercial and agricultural property to generate revenue that will benefit CalSTRS, consistent with its mandate under the School Land Bank Act.
The federal government granted school lands to California in 1853. These lands generally consist of the 16th and 36th sections of land in each township, with exceptions. The Commission’s action will ensure that investments are made with the utmost diligence, with minimum risk and maximum investment return.
- 2022 Strategic Land Investment Considerations for the School Land Bank Fund
Prepared by Rosen Consulting Group