Weighing up the options: Investors consider the merits of pooled funds, joint ventures, club deals and segregated accounts
Large real estate investors have generally moved away from fund investing toward joint ventures, club deals and segregated accounts, and it is no surprise that fundraising activity for new funds in the recent past has been muted. But where do small investors now fit in?
This article gives the views of Andrew Hills, director of client portfolio management at Invesco Real Estate; and Thomas Seton, institutional business analyst, and Laura Barstow, director of institutional business, at Henderson Global Investors.
Are fund managers finding it harder to raise new property funds at the moment and, if so, why?
Andrew Hills: Well, if you compare today’s market to the heady days of 2006, then, yes, it is much harder to