RT Journal Article
SR Electronic
T1 The Expansion of Real Estate
JF The Journal of Portfolio Management
FD Institutional Investor Journals
SP 11
OP 22
DO 10.3905/jpm.2017.43.6.011
VO 43
IS 6
A1 Jim Clayton
A1 Frank J. Fabozzi
A1 S. Michael Giliberto
A1 Jacques N. Gordon
A1 Youguo Liang
A1 Greg MacKinnon
A1 Asieh Mansour
YR 2017
UL https://pm-research.com/content/43/6/11.abstract
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