PT  - JOURNAL ARTICLE
AU  - Jim Clayton
AU  - Frank J. Fabozzi
AU  - S. Michael Giliberto
AU  - Jacques N. Gordon
AU  - Youguo Liang
AU  - Greg MacKinnon
AU  - Asieh Mansour
TI  - The Expansion of Real Estate
AID  - 10.3905/jpm.2017.43.6.011
DP  - 2017 Sep 30
TA  - The Journal of Portfolio Management
PG  - 11--22
VI  - 43
IP  - 6
4099  - https://pm-research.com/content/43/6/11.short
4100  - https://pm-research.com/content/43/6/11.full
AB  - The definition of commercial real estate for institutional investment purposes is undergoing a change in two ways. First, real estate is increasingly being absorbed upward into more broadly defined asset buckets, such as real assets or private markets, in which the distinction between real estate and the other asset types is becoming increasingly fuzzy. Second, the asset class is expanding downward to include more specialty property types that were previously not considered suitable for institutional investors. In this article, the authors discuss these trends and their causes and consequences and relate them to the other articles contained in this special real estate issue.TOPIC: Real estate