The 2017 Institutional Investors Real Estate Trends survey, conducted jointly by Institutional Real Estate, Inc and Kingsley Associates, assessed institutional investors’ fund allocations, risk and return assumptions, expected capital flows, and real estate investment strategies for this year.

The 113 US respondents manage more than US$299 billion in real estate holdings, and the 51 foreign respondents have US$442 billion in real estate assets under management. For the benefit of being able to see trends in the data, much of the analysis and many of the themes throughout the report focus on feedback from the US respondents.

This year’s feedback shows investors’ satisfaction with real estate remains high, which is attributable to the asset class outperforming investors’ return expectations. Investors indicated, however, they expect returns to decline this year, but they continue to view real estate as the most attractive investment on a risk-adjusted ba