Institutional Real Estate, Inc.’s 2023 Annual Investor Survey assesses institutional investors’ asset allocations, risk and return assumptions, expected capital flows, and real estate investment strategies for the coming year. The initiative was launched on Nov. 30, 2022, and feedback was collected through Jan. 31, 2023, with a total of 190 responses received. The 131 U.S. respondents manage more than $623 billion in real estate holdings, up from $570 billion last year. The 59 non-U.S. respondents manage more than $570 billion in real estate holdings, up from $440 billion last year.
The 2023 survey clearly reflects an industry taking an investing pause in the face of uncertain economic times, yet not retreating completely. Real estate continues to play a critical role in investors’ portfolios, delivering current income, providing relatively attractive total returns, and offering unique portfolio diversification benefits. It is also expected to act as a hedge against inf
