Pension funds need to rethink listed and private real estate allocations

Cohen & Steers says a reset in commercial real estate is in full swing

clock • 10 min read
Jon Cheigh is chief investment officer at Cohen & Steers
Image:

Jon Cheigh is chief investment officer at Cohen & Steers

The last two and a half years have seen a pronounced disparity in returns between listed and private real estate.

After declining well ahead of private values, listed REITs have risen sharply from their October 2023 lows. Unlevered private real estate values, on the other hand, have declined more than 20% over...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Investment

GMPF partners with L&G on affordable housing investment

GMPF partners with L&G on affordable housing investment

LGPS fund invests £100m to deliver affordable housing in the North West of England

Martin Richmond
clock 20 January 2025 • 2 min read
Partner Insight: Pensions find new sources of long-term cash flows

Partner Insight: Pensions find new sources of long-term cash flows

Insights from Nuveen's 2024 EQuilibrium survey

Romina Smith and Sophie Ballard, Global Client Group at Nuveen
clock 20 January 2025 • 4 min read
Bond yields fall after surprise drop in inflation

Bond yields fall after surprise drop in inflation

Decline in headline CPI rate will come as ‘relief’ to both Treasury and Bank of England

Jonathan Stapleton
clock 15 January 2025 • 2 min read
Trustpilot