In April, I attended the annual INREV conference in Berlin — for those of you who don’t know about INREV, it is the European trade association for nonlisted real estate vehicles, i.e. pooled funds, joint ventures and club deals. The event attracts a wide range of real estate professionals, from the largest global real estate managers and investors to smaller local and domestic players.
And what does that have to do with infrastructure, you ask?
Real estate managers are beginning to notice the infrastructure asset class. Most of my conversations during breaks, at meals and on the bus were about infrastructure. For example, I sat next to the CEO of a large, global real estate investment firm at a networking event, and after catching up on each other’s families, he paused, leaned in and whispered conspiratorially, “Tell me about infrastructure.” It turns out his firm had hired someone to launch