替代房地产行业对机构投资者的重要性日益增加

IF 1.2 Q4 MANAGEMENT

JOURNAL OF GENERAL MANAGEMENT Pub Date : 2022-12-24 DOI:10.1177/03063070221147742

G. Newell, M. Marzuki

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引用次数: 1

摘要

近年来，随着机构投资者寻求扩大房地产行业的敞口，另类房地产行业（包括医疗保健、数据中心、自助存储、大学生住宿和基础设施）在机构投资者中变得越来越重要。这是由关键的房地产投资因素推动的，包括全球人口结构的变化、技术的进步和新冠肺炎的影响。重要的是，这一趋势预计将持续下去，并对机构投资者未来的房地产管理和战略产生重大影响。本文利用几个国家（美国、英国和全球）在直接、非上市和上市房地产领域的一系列替代房地产行业，与机构投资者投资组合中的标准资产类别相比，考察了这些替代房地产部门的风险调整业绩和投资组合多元化收益。房地产管理和对机构投资者未来的战略影响也进行了评估。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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The increasing importance of the alternate real estate sectors for institutional investors

The alternate real estate sectors (including healthcare, data centres, self-storage, university student accommodation and infrastructure) have taken on increased importance in recent years with institutional investors, as they have sought to broaden their real estate sector exposure. This has been driven by key real estate investment factors, including the changing global demographics, advances in technology and the impact of COVID-19. Importantly, this trend is expected to continue and has a major influence on real estate management and strategies by institutional investors going forward. Using a range of alternate real estate sectors across several countries (US, UK and globally) in the direct, non-listed and listed real estate spaces, this paper examines the risk-adjusted performance and portfolio diversification benefits of these alternate real estate sectors compared to the standard asset classes in the portfolios of institutional investors. The real estate management and strategic implications for institutional investors going forward are also assessed.

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来源期刊

JOURNAL OF GENERAL MANAGEMENT MANAGEMENT-

CiteScore

2.60

自引率

33.30%

发文量

期刊介绍： Journal of General Management is quarterly peer reviewed journal, with a mission to provide thought leadership by publishing articles on managerial practices with organisation-wide or cross-functional implications. We seek original theoretical and practical insights into general management in all types of organisations.