Diversification and capital raising on the rise, but at what price efficiency?
Capital raised from defined contribution pensions is on the rise and interest in tapping this retail source has increased significantly. It's also a sign the industry is preparing for a move away from defined benefit plans. However, the costs - financial and organizational - are large, and as real estate investment managers continue to diversify their product offering to existing institutional clients, the question remains how to further drive enterprise efficiency. Read more about the results of the NAREIM/FPL Associates 2019 Global Management Survey in the fall 2019 issue of Dialogues, available for download now.