Episode 386: RCLCO Fund Advisors Says U.S. Institutional Investors Under-Allocating to REITs
Nareit's REIT Report Podcast
English - January 04, 2024 00:00 - 13 minutes - 19.2 MB - ★★★★ - 34 ratingsInvesting Business commercial real estate cre Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
William Maher, director of strategy and research at RCLCO Fund Advisors (RFA), was a guest on Nareit’s REIT Report podcast.
RFA’s clients include some of the larger public pension funds, and increasingly non-U.S. investors.
Maher said that most U.S. institutional investors today allocate less than 10% of their real estate allocation to REITs. “I think that indicates a big underweight that they're probably not aware of,” Maher said. He added that RFA’s investor clients continue to want greater exposure to a broader range of property types and will continue to look to REITs to provide that access.
Mid-size and larger institutions should have a “permanent long-term position in REITs for diversification, market knowledge, [and] exposure to property types that are difficult to access in the private markets,” he said.