Investors stick to incumbent RE managers and remain under-allocated – survey
Uncertainty in the markets and travel restrictions are deterring institutional investors from forging new relationships with real estate investment managers.
According to a survey of more than 100 investors, only 17% are willing to consider investing with new managers and 18% are putting on hold the establishment of new relationships.
Real estate advisory firm Hodes Weill & Associates, which carried out the research, said: “The unique challanges assoicated with lockdowns and travel restrictions have hindered investors’ abilities to conduct due diligence on new strategies and relationships”.
But while 59% of investors anticipate a slowdown in investment activity over the next 12 months, many are beginning to allocate capital to take advantage of anticipated distress over the coming years.
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