New York State Comptroller Thomas P. DiNapoli announced the appointment of Louis Dubin as chairman of the Real Estate Advisory Committee (REAC) for the New York State Common Retirement Fund.
Dubin is the founder and managing partner of Redbrick LMD, a Washington D.C.-based real estate investor and developer. He is a member of the Maryland and Washington D.C. bar associations and the bar of the U.S. Supreme Court, and has been a member of REAC since 2003. Dubin replaces David Peirez, who is stepping down after serving as chairman since 2007.
“My thanks to Comptroller DiNapoli for entrusting the chairmanship to me,” Dubin said. “New York state”™s pension fund remains one of the nation”™s strongest and best funded because of its commitment to prudent, long-term investing. I”™m proud of what we have accomplished and look forward to leading the committee as we guide real estate investments in the years to come.”
REAC consists of nine members appointed by the Comptroller with the consent of the pension fund”™s Investment Advisory Committee pursuant to Section 243 of the Retirement and Social Security Law. REAC”™s members review proposed mortgage and real estate investments and determine which will be considered for investment by the pension fund.
