US public pension funds are shoring up their real estate portfolios as the market cycle shows no sign of ending.
US public pension funds are some of the largest institutional real estate investors in the world, and so they are some of the most keenly monitored.
“The big US investors are only getting bigger,” says Alok Gaur, global head of the client capital group at LaSalle Investment Management. “They command such a substantial market share that other investors inevitably watch what they do.”
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