Investors still upping real estate allocation, but more defensively — survey
BY ARLEEN JACOBIUS | OCTOBER 18, 2016 1:24 PM | UPDATED 1:32 PM
Worldwide institutional investors’ average target allocation to real estate is expected to reach 10.3% in 2017, up from 9.9% this year and 9.5% in 2015, according to Cornell University’s Baker Program in Real Estate and Hodes Weill & Associates’ fourth annual real estate survey released Tuesday.
“Over the four years, we’ve seen a steady climb in allocations and no sign that momentum will subside any time soon,” said Doug Weill, managing partner, in an interview.
The average target real estate allocation was 8.9% in 2013, the Institutional Real Estate Allocations Monitor shows.
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