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Open for business: Some open-end funds are awash in capital as investors covet core assets, and even new offerings are attracting substantial interest
Open-end core real estate funds have been up and down more times than Donald Trump’s finances. But like Trump, they are back on top, thanks to investors’ strong appetite for high-quality income-producing assets.
Once the province of only a dozen or so investment managers, the number of entrants in the core open-end fund universe has more than doubled during the past five or six years. Relative newcomers such as AEW Capital Management, Heitman and LaSalle Investment Management have built up sizable funds in a short period, and more recently new offerings by Jamestown, Harrison Street Real Estate Capital
