The great REIM disruption? Local knowledge trumps tech.
Covid-19 has been the great accelerator of trends.
While the real estate industry should finally become more efficient, local knowledge and experience still trumps technology in producing outsized returns and best-in-class real estate investment managers with Scott Brown, Fulcrum Global Investors.
Key highlights and insights into post-Covid trends, include:
Retirement, wealth and sovereign wealth portfolios continue to grow (after a serious Covid-19 adjustment) globally. Real estate allocations continue to grow globally from the benefits of real estate in a multi-asset class portfolio.
Growing populations have the desire and ability to pay for better and safer working, living and playing conditions.
More and more real estate continues to be transitioned (e.g. value-add and development) into the institutionally acceptable/ securitizable assets.
Balancing profitability with community, diversity, environmental and common sense respectful communications considerations are growing more and more important every day.
First published in NAREIM Dialogues Spring 2021, published in association with IREI.