Following Nareit’s REITworld: 2018 Annual Conference, Nareit and the European Public Real Estate Association (EPRA) joined forces for a series of investor outreach meetings in San Francisco and Sacramento, California. This marks the second time in 2018 that the two organizations have conducted joint outreach to major investment organizations in the United States.
Dominique Moerenhout, EPRA CEO, and Ali Zaidi, EPRA director of research and indices, joined Nareit’s Brad Case, Meredith Despins, and John Worth for meetings with prominent and influential public and corporate pension funds and investment consulting firms, including Callan Associates and NEPC, as well as asset management organizations, during a three day “roadshow.”
The total assets under management and advisement of these organizations represents nearly $3.8 trillion. The team offered investors a global macroeconomic overview and an outlook for investment in REITs and publicly traded real estate companies, highlighting research conducted and sponsored by both Nareit and EPRA. In particular, findings from recently updated research by CEM Benchmarking provoked thoughtful discussion on the benefits REITs contribute to mixed asset portfolios, and in particular the relationship between public and private real estate within pension portfolios.
Additionally, investors were interested in hearing perspectives on the response of REITs to the interest rate environment and central bank policy, as well as how certain property sectors like retail are positioned going forward.
(Contact: Meredith Despins at mdespins@nareit.com)