Amid the COVID-19 pandemic, the institutional real estate community has taken steps to adapt, which can be seen in the responses to our annual investor survey. They revealed an impact on real estate investment activity in 2020, though lesser than occurred during the global financial crisis, according to 2021 Institutional Investors Real Estate Trends, the 25th annual investor survey jointly conducted by Institutional Real Estate, Inc and Kingsley, a Grace Hill Co.
From the Current Issue
As fear of the pandemic spread across the world last year and the UK entered its first lockdown, tenants at the Duet Salford Quays apartments in Manchester woke up to a pleasant surprise.
New technology is changing established business models within real estate. The shift to more tech-driven structures is being fuelled, in part, by the goal for portfolios to become net-zero carbon. However, there are also salient commercial motivations to adopt more tech, such as operational efficiencies and an improved customer experience. The direction of travel is clear, but it has left many in the industry playing catch-up.
During the past few months, investors, managers and consultants joined the virtual Editorial Advisory Board meetings for each of Institutional Real Estate, Inc’s regional publications, to discuss the most pressing issues facing the real estate investment industry. The 2021 editorial board of Institutional Real Estate Europe met virtually 15–18 February; the editorial board of Institutional Real Estate Asia Pacific met virtually 2–5 March; and the editorial board of Institutional Real Estate Americas met virtually 6–9 April.
The INREV Pan-European Quarterly Fund Level and Asset Level indices for the fourth quarter of 2020 revealed the strongest quarterly results since the outbreak of the COVID-19 pandemic.
It’s pretty common to refer to institutional investors these days as “LPs” or “limited partners”, and to investment managers as “GPs” or “general partners”. But while an investor can become a limited partner, and an investment manager can serve as a general partner, the terms are not synonymous.
The world has gone through an unprecedented amount of rapid change over the last 12 months. The impact of COVID-19 and successive lockdowns has caused people’s lifestyles and working habits to adapt considerably, and even with the justified optimism caused by the rollout of the vaccine, it is clear that there is no magic “reset” button. Now, more than a year on from the start of the pandemic and as we continue on the roadmap to a “new normal”, there are many questions about what this “normal” will look like and how many of these changes will remain permanent, even once the pandemic has subsided.
An abundance of certifications, standards, targets and terminology, as well as the growing complexity involved in real estate, is raising the prospect of increased “greenwashing” by landlords and operators.
Investors across Europe are determined to increase their allocation to the living assets sector, but a lack of suitable product is a main barrier to investment.
BentallGreenOak has completed the final close of its third European value-add fund with almost €1.5 billion in capital, surpassing its initial target of €1 billion.
For some investors, there is a perception that you should avoid REITs when rates are rising.