In 2022, stocks and bonds both declined materially at the same time, challenging one of the foundational assumptions behind the traditional 60-40 portfolio. The result is a portfolio construction problem that investors are still working through today. In a sponsored report published in the July/August issue of Real Assets Adviser, Adam Liebman, managing director at Accordant Investments, explains how four key numbers have made private real estate a unique source of income, growth and diversity at a time when many traditional public market assets are becoming increasingly correlated. To learn more, download a pdf of the sponsor report by clicking