SECA Booklet 13 - Indirect Real Estate Strategies

Demand for real estate among institutional investors is still growing. Investment activities are mainly driven by the low yield environment and exceptional returns in the last few years. As the exceptional low interest rate environment will not change substantially, many institutional investors are currently realigning their global investment strategies. Various institutional investors have a need to increase the share of real estate investment or more specific international allocation in order to meet their return requirement or decrease their home bias. Such an internationalization strategy is challenging and requires extensive and specialized knowledge, as recent investment activities of institutional investors have shown. With the support of various companies and authors, the present book addresses these issues by discussing theoretical and practice-guided concepts for indirect real es-tate strategies and investments.

The aim of the book is to outline the potential of indirect real estate as an asset class from the perspective of professional investors. The book is structured as follows: Chapter 1 focuses on general aspects of indirect real estate investments. Chapter 2 outlines various indirect real estate strategies in developed markets. Finally, Chapter 3 discusses strategies in emerging markets even if the boundaries between developed and emerging markets are blurred.