Extended Viewer

The Road Toward a Seamless Global Real Estate Portfolio

Real estate investors can analyze performance of direct real estate in detail. However, listed real estate, which includes public REITs, rarely offers detailed data, making it challenging to monitor a portfolio consisting of both private and public assets. Two developments are focusing issue: 1) real estate will constitute a new GICSĀ® sector as of August 31 and 2)  many asset owners seek to globalize their real estate portfolios: adding international listed securities is a simple and often liquid way of achieving this goal. This paper proposes mapping listed real estate asset and vehicle performance to existing benchmarks, potentially enhancing market transparency, analytics and benchmarks.