Atlanta, Dallas and Seattle rank highly as gateway markets, while once “niche” alternative sectors like manufactured housing and single-family rentals may exhibit traits of core property types, according to MetLife Investment Management (MIM).
MIM believes the core and gateway classifications remain important identifiers to help investors frame portfolio compositions and risk levels.
Gateway markets should be defined as the markets that are the most transparent, have a history of stable returns and offer the most liquidity. Transparency and liquidity are probably aligned with existing notions of what a gateway market should be, while the addition of stability may not be. Stability is important, however, as it helps to capture where new global investors may want to target or set a benchmark when entering a new country.
To read the full report,
