CalPERS and Regis to Develop 500 Downtown Homes

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(Sacramento, CA)
Wednesday, March 16, 2005

Regis Homes and the California Public Employees Retirement System are teaming up to develop at least 500 new homes on R Street. Regis is already building more than 100 condos at 11th and R … this would expand their scope of construction to cover six blocks on the blighted corridor, between 2nd and 7th Streets.

CalPERS is the money partner, and already controls some of the acreage. CalPERS headquarters is located in the mix. Work on the first three-story homes of 1,300 square feet should begin this summer.