Early warning system
A group of investors debated the impact of a new research paper which provided fresh insights on managing risk. Read more
All articles
The new face of debt investment
Research shows how investors in real estate debt should understand the relative risks of senior and mezzanine in the post-crisis era. In the second in a series of papers from INREV’s Research Committee, Maarten van der Spek summarises one aspect of his PhD research into investing in the non-listed sector. Read more
Spending patterns
The results of capital expenditure can be counterintuitive, according to a panel commissioned in a new series for IQ. Read more
Alternative today, mainstream tomorrow
Between 2004 and 2014, the share of real estate in investors’ portfolios grew from 3.4% to 7.9% of total assets, according to the Pension Real Estate Association (PREA). Despite approximately doubling, allocations are often below investors’ targets. Nevertheless, investors once viewed real estate, as a whole, as an ‘alternative’ asset, but now see the asset class as an integral part of institutional portfolios. Read more
Indirect real estate liquidity
In the next stage of the real estate cycle, are investors seeking greater liquidity from indirect real estate or would altering one of its fundamental characteristics make it a less attractive portfolio diversifier? INREV research explores how liquidity influences indirect investment. Read more
Performance matters
European funds underperformed other regions on a five-year basis. So why are capital flows to this region increasing? One way to understand the real value of return delivered by core versus non-core funds is using a value at risk (VaR) approach. So how much wealth could an investor potentially lose according to their choice of fund type and region? Read more
Fighting fit
Non-listed funds thrived in 2014, as capital growth improved and debt levels declined Non-listed real estate funds took flight in 2014, producing their strongest performance since the last peak, with almost all sectors and geographies showing a sharp improvement on 2013. Read more
Reality bites
INREV’s Investment Intentions surveys reveal as much about the difficulties of deploying capital as they do about future strategies. Just how accurate a picture of the year to come does the INREV Investment Intentions Survey provide? Simon Mallinson, Executive Managing Director, EMEA & APAC at Real Capital Analytics investigates the data. Read more
A view from above
Real estate remains top pick for investors worldwide, reveals the latest Investment Intentions Survey Global perspectives on investments trends are crucial, as the real estate industry increasingly operates across a worldwide network, and one that is expanding by the day. Read more
Banking on Growth
As restructuring and recapitalisation of banks takes place across Europe, what impact will this have on property lending? Read more