5 minute read
May 2022
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We believe optimizing real estate portfolios requires access to both listed and private markets.
Executive Chairman Robert Steers and CEO & President Joseph Harvey discuss:
- Why now was the right time to build a private real estate capability
- Secular and cyclical trends shaping markets on the private side
- Our unique position to offer strategic allocation advice between listed and private real estate
ABOUT THE AUTHORS
Robert Steers, Executive Chairman of Cohen & Steers, founded the firm with Martin Cohen in 1986 as one of the first investment advisors dedicated to real estate securities.
Joseph Harvey, Chief Executive Officer and President of Cohen & Steers and a director for the firm and its mutual funds.
FURTHER READING
Why we see favorable entry points emerging for REITs
Listed REITs have likely priced in a recession; Our analysis points to a recovery next.
What we believe investors should know about Non-Traded REIT redemptions
Recent redemption limits placed on some notable Non-Traded REITs (NTRs) are generating headlines, but we believe there are several points investors may be missing. We do not think this reflects broad economic or systemic risk. Rather, this demonstrates how, as expected, listed real estate typically leads the private market in both selloffs and recoveries. Read why we believe recent news that NTRs limited redemptions underscores the opportunity we see in listed real estate.
Investing in Real Estate Securities
Real estate securities allow investors to access the beneficial investment characteristics of real estate ownership, while addressing some of the challenges that arise from the capital-intensive and illiquid process of investing in properties directly. Portfolio Specialist Evan Serton provides a brief overview of the global REIT market, its attributes, and Cohen & Steers' approach to investing in this unique asset class.
