Investors, managers hot for Europe and real assets
Investors and managers are decidedly in favor of adding more real assets to their portfolios, investing more heavily in Europe and reducing their exposure to risk. They are also concerned a bubble is forming in core real estate.
Those were some of the conclusions from the fall meeting of the Editorial Advisory Board of The Institutional Real Estate Letter – Americas. The Sept. 9–11 gathering in Carmel Valley, Calif., was attended by approximately 100 people, evenly divided between investors and managers.
Some 71 percent of the investors in the group voted that they are either reducing or holding steady on their commitments to core real estate. This was not a surprising outcome when one considers that 69 percent of investor respondents believe a bubble economy is taking shape around core property.
Just over 70 percent of investor board members say they will be investing more in real assets, and 83 percent report that, to date, their investments in re