Cornell University’s Baker Program in Real Estate and Hodes Weill & Associates have released the findings of the 13th annual Institutional Real Estate Allocations Monitor. The 2025 Real Estate Allocations Monitor focuses on the role of real estate in institutional portfolios, and the impact of institutional allocation trends on the investment management industry. Launched in 2013, the Real Estate Allocations Monitor is an annual assessment of institutions’ allocations to, and objectives in, real estate investments. The report analyses trends in institutional portfolios and allocations by region, type and size of institution. Some key findings include:
After holding allocations steady from 2022 through 2024, institutions decreased target allocations by 10 basis points in 2025. Target allocations declined to 10.7 percent in 2025, which can be attributed to concerns regarding market uncertainty, as well as competition fo
