REITs have historically been fertile ground for active managers leveraging their information advantage to add potential value for investors.
Brian Cordes, Head of Portfolio Specialists, discusses the three things we think give active, specialist managers a potential edge when investing in real estate.
ABOUT THE AUTHORS
Brian Cordes, CAIA, Senior Vice President, is the head of Cohen & Steers’ Portfolio Specialist Group, which represents the company’s investment teams in interactions with institutional and retail clients.
FURTHER READING
A new market regime for REITs
A regime shift to lower rates is a favorable backdrop for REITs, in our view.
The Real Estate Reel: The potential benefits of blending listed REITs and private CRE
Adding listed REITs at certain levels to a private real estate allocation has been shown to increase performance, reduce volatility, and limit drawdowns.
The Real Estate Reel: Is office as problematic as you think?
Office is not a very big part of the commercial real estate market. Bank exposure to office is also a lot lower than the media headlines would suggest. And newer buildings are actually still seeing strong demand.