PIMCO has launched its first real estate–focused interval fund that will invest in public and private markets by harnessing the expertise and resources of PIMCO’s $190 billion commercial real estate platform.
The PIMCO Flexible Real Estate Income Fund (REFLX) seeks to provide investors with access to a broad set of public and private real estate investment opportunities, and it will have the flexibility to invest in four distinct quadrants of the commercial real estate markets: private equity by acquiring stabilized, income-oriented commercial real estate; private real estate loans; public debt, such as commercial mortgage–backed securities; and public equity, such as REITs.
REFLX offers investors access to PIMCO’s institutional-quality private real estate platform with the ease of a registered fund. Similar to a mutual fund, the fund is continuously offered.
“The extraordinary repricing of assets across financial markets this year has created what we