The missing privates: CRE opportunities absent from DC plans
by Andrea Zander
While real estate is the third-largest asset class in the United States, defined contribution (DC) retirement plans currently hold only a small fraction of their assets in private real estate, relying primarily on public REITs. In contrast, defined benefit (DB) plans and other institutional investors allocate most of their real estate exposure to private holdings. Tripp Braillard, head of DC distribution at Clarion, recently explained the potential for ...