As investors consider the implications of real estate’s early-cycle conditions, they also face decisions on the optimal approach for allocating to the sector, including whether to hold public or private assets.
CRE has built a reputation as an inflation hedge due to its strong and consistent record of stable income returns. That is broadly true over long horizons, but the label is incomplete.
This study examines the role of listed real estate within mixed -asset portfolios of European insurers. EPRA assesses listed real estate alongside unlisted real estate and direct real estate, applying both mean–variance optimisation and asset–liability modelling (ALM) to capture insurers’ liability-driven investment needs. As a…
One global REIT picture. Four distinct continental stories. Europe saw selective regulatory change. The Americas saw consolidation. Several Asia-Pacific markets expanded, while developments across Africa and the Middle East took different paths. The new regional snapshots in EPRA’s Global REIT Survey 2026 bring those changes…
In the second quarter, active managers maintained their overweight exposure in the Americas (AMER). In comparison, the Europe, Middle East, and Africa region (EMEA) was underweight relative to the FTSE/EPRA Nareit Developed Extended Index.
As commercial real estate enters 2027, shifting capital flows, uneven property performance, and rapid advances in AI are reshaping investment and operating strategies.
This paper investigates whether the impact of geographic diversification on REIT value and risk premiums depends on market conditions. The authors find that the effect of diversification varies with market volatility. During periods of low and normal market volatility, geographically diversified REITs have lower value and…
Water risks are rising but the funding gap for water security by 2040 is ~USD7.5trn. So far, governments have been carrying the responsibility of financing water. Financing innovations in China have created opportunities for the private sector to participate.
