North America

Core real estate’s scarcity premium comes under scrutiny

Investor appetite for prime assets is intensifying, but a stubborn bid-ask gap is challenging the notion that scarcity alone will command a premium, writes JC Russell.

Manulife Investment Management on finding an attractive vintage for core and core-plus investing

Core real estate has become more challenging in a higher-rate environment, but today’s market offers one of the strongest buying opportunities for selective investors, say Manulife Investment Management’s Marc Feliciano and Maggie Coleman.

Redefining core real estate

Core real estate investors are looking beyond the traditional sector menu to new asset types capable of delivering resilient, long-term income.

LaSalle Investment Management on core real estate being back on investors’ agendas

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.

Oxford Properties’ Plesman: ‘We expect interest in core to strengthen’

The president and CEO of OMERS’ property business expects appetite for private real estate’s lowest risk and return profile to come back as another cycle forms.

Core investors confront the green transition

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.

Harrison Street Asset Management on how alternatives are redefining core real estate

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.

StepStone Real Estate on addressing the great valuation divide

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.

Core real estate’s geography of safety is evolving

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

Introducing the PERE Core 100

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