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PREA: Mixed Picture for Private Equity Real Estate

According to a study presented at the annual Pension Real Estate Association conference, institutions are indicating an intention to increase their average target allocation to RE over the next year and are increasingly focused on higher return value-add and opportunistic strategies. Yet, they are investing at a slower pace compared to very recent years.

The second annual Cornell University Baker Program and Hodes Weill & Associates’ Institutional Real Estate Allocations Monitor has painted a mixed picture of fortunes for the private equity real estate industry. On the one hand, the study presented yesterday at the annual Pension Real Estate Association conference in Los Angeles, found institutions indicating an intention to increase their average target allocation by 24 basis points to 9.62 percent over the next 12 months from 9.39 percent - even though they are still underweight in the asset class.

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