Yep, I've worked at a pension fund, and they find lots of ways to diversify their investments. In addition to the usual stocks and bonds, they invest in real es

Yep, I've worked at a pension fund, and they find lots of ways to diversify their investments. In addition to the usual stocks and bonds, they invest in real estate all over the US, owning a number of commercial high rise buildings in cities around the country. They have the money to finance these big building projects, and it the rent they generate usually provides them with steady returns over the long term. I hadn't heard of them investing in residential properties, but it wouldn't surprise me if they owned some.