The 2007 survey analyzes the fund allocations, risk and return assumptions, expected capital flows and real estate investment strategies of 109 of the largest tax-exempt investors in real estate. This elite group manages $150 billion in real estate holdings or 61.5% of all tax-exempt real estate assets.
Here are a few of the larger findings this report reveals:
Capital flows: Tax-exempt capital flows to real estate expected to decrease by 21% in 2007.
Competitive environment: Tax exempt investors will limit new manager relationships and there will be a decrease in new capital commitments.
Riskier strategies: Value-added strategies favored and higher target allocations to foreign real estate.
