U.S. core real estate can be an important component of an institutional investor’s diversified portfolio--having generally shown, over the long term, higher returns than fixed income and lower volatility than equities. However, as with other investments, the pandemic has presented significant challenges for this overall asset class, raising serious questions about how real estate will evolve as both a sector of the economy, as well as an investment asset class in the post-pandemic future.
Public plans who invest in real estate or who might be thinking about this asset class are therefore confronted with a number of questions:
• In general, what is the “big picture” overview of the market and the outlook for real estate and real estate investment trusts (REITs) going forward?
• In particular, how has COVID-19 impacted commercial real estate and what might it ultimately mean for the asset class?
• As a result of the pandemic, what are investment managers seeing now as both the challenges as well as the opportunities that are currently presented to their clients by this asset class?
• What have these managers seen in the way of investor inflows to real estate securities?
• What role does real estate play for public plans who invest in this asset class, and how have they structured their real estate portfolios in light of what is happening?
For answers to these and other pressing questions concerning real estate investing, be sure to join Leigh Snell, NCTR’s Director of Federal Relations, this Wednesday, May 12, as he discusses this important asset class with his special guests:
• John Worth, Executive Vice President for Research and Investor Outreach, Nareit
• Sherry Rexroad, Managing Director and the Senior Product Strategist, Global Real Asset Securities team, BlackRock
• Bob Jacksha, Chief Investment Officer, New Mexico Educational Retirement Board