Institutions are looking to increase their target allocations to real estate in 2016, with some caution over interest rate rises. Findings from the 2015 Institutional Real Estate Allocations Monitor, conducted by Cornell University's Baker Program in Real Estate and Hodes Weill & Associates, were presented today.
The report, which surveyed 3,000 institutions, found that target allocations continued to increase, albeit at a slowing pace. The average target allocation to real estate is 9.56%, up 26 basis points from 2014, and up 66bps from 2013.
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