Europe

After a significant repricing cycle, LaSalle Investment Management’s Matthew Sgrizzi and Jim Garvey say core equity is offering income yields that institutional investors have not seen in a decade, though risks remain.

Australia’s population, stability and constrained supply continue to draw international capital, but success in today’s core market depends less on allocating to the right sectors and instead selecting the right assets, say Dexus’s Brad Collier and Andrew Jeffs.

In a turbulent market, a clearly defined strategy and active management are essential, says PIMCO Prime Real Estate’s Annette Kröger.

The cost of waiting to future-proof real estate assets is rising as core and core-plus investors weigh energy-efficient retrofits against the risk of future obsolescence, writes Elisabeth Jeffries.

Alternative sectors have moved from niche allocations to mainstream portfolios as investors emphasize demand resilience and long-term demographics, say Christopher Merrill and Joey Lansing of Harrison Street Asset Management.

As redemption queues linger, investors with dry powder are capitalizing on repriced assets, explain StepStone Real Estate’s Margaret McKnight, Jennifer Jones and Andrew Mitro.

Investors are redefining risk and rethinking what belongs in a core portfolio across Europe, the Americas and Asia-Pacific.

The first PERE Core 100 manager ranking comes as institutional appetite for real estate’s lowest risk and return profiles is expected to return.

PERE has started ranking managers by their fundraising for core and core-plus risk and return profiles at a widely anticipated transitional time for private real estate.

Nearly 90% of the equity raised by Core 100 managers went into sector-specific vehicles, with residential and industrial attracting the largest shares.