State Street Upgrades Real Estate Investment Performance Tool

June 5, 2007 ( - State Street Corporation clients will be able to better monitor their real estate investment portfolios with new online performance analytics and risk assessment tools.

According to a press release from the Boston-based company, the online solution eliminates the manual reconciliation process and allows customers to access data via Private Edge in an automated  manner.

The California State Teachers Retirement System (CalSTRS) has already adopted the service for its real estate assets, the news release said.

Providing our customers with automated capabilities to analyze their real estate portfolios from an aggregate level down to tenant level is yet another way we are enhancing our capabilities to accommodate our customers increased allocations to alternative investments,  said Joe Antonellis, vice chairman, chief information officer and head of State Street s North American investor services business, in the press release.

For more information about the technology used in the State Street product visit .