{"id":3274,"date":"2025-05-22T01:18:22","date_gmt":"2025-05-22T01:18:22","guid":{"rendered":"https:\/\/tat.capital\/?p=3274"},"modified":"2025-07-15T02:04:10","modified_gmt":"2025-07-15T02:04:10","slug":"greits-landscape-review-outlook-for-institutional-allocation-positive-but-caution-warranted-on-active-managers","status":"publish","type":"post","link":"https:\/\/tat.capital\/?p=3274","title":{"rendered":"GREITs Landscape Review \u2013 Outlook for institutional allocation positive, but caution warranted on active managers"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"3274\" class=\"elementor elementor-3274\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5f1bdb5 e-flex e-con-boxed e-con e-parent\" data-id=\"5f1bdb5\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-e2ed55e elementor-widget elementor-widget-heading\" data-id=\"e2ed55e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">GREITs Landscape Review \u2013 Outlook for institutional allocation positive, but caution warranted on active managers<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2796ccf hfe-post-info-layout-inline elementor-widget elementor-widget-post-info-widget\" data-id=\"2796ccf\" data-element_type=\"widget\" data-widget_type=\"post-info-widget.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul class=\"hfe-post-info-inline hfe-post-info-items hfe-post-info\">\n\t\t\t\t\t<li class=\"hfe-post-info-item elementor-repeater-item-c35dcea hfe-post-info-inline-item\" itemprop=\"datePublished\"> \n\t\t\t\t\t\t\t<a href=\"https:\/\/tat.capital\/?m=20250522\">\n\t\t\t\n\t\t\t\t\t<span class=\"hfe-post-info-text hfe-post-info__item hfe-post-info__item--type-date\">\n\t\t\t\n\t\t\t\t\t\t\tMay 22, 2025\t\t\t\t\t<\/span>\n\t\t\n\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/li>\n\t\t\t\t<li class=\"hfe-post-info-item elementor-repeater-item-068cca7 hfe-post-info-inline-item\"> \n\t\t\t\n\t\t\t\t\t<span class=\"hfe-post-info-text hfe-post-info__item hfe-post-info__item--type-time\">\n\t\t\t\n\t\t\t\t\t\t\t1:18 am\t\t\t\t\t<\/span>\n\t\t\n\t\t\t\t\t<\/li>\n\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d4a69aa elementor-widget elementor-widget-heading\" data-id=\"d4a69aa\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Guest Post: By Foresight Analytics<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f664b0d elementor-widget elementor-widget-text-editor\" data-id=\"f664b0d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p style=\"margin-bottom: 15px; color: #888888; font-size: 16px; font-style: normal; font-weight: 400;\"><span style=\"margin: 0px; padding: 0px; font-weight: 600;\">Key Insights:<\/span><\/p><ul><li><span style=\"font-style: inherit; font-weight: inherit;\">Superannuation asset allocation towards listed and unlisted real estate has steadily increased since 2013.<\/span><\/li><li><span style=\"font-style: inherit; font-weight: inherit;\">Retail funds have the highest exposure to GREITs, aging demographic profiles of several non- retail funds is expected to increase the demand for listed real estate over unlisted.<\/span><\/li><li><span style=\"font-style: inherit; font-weight: inherit;\">GREIT managers have experienced exponential growth since GFC, active managers dominate the top 10 lists by assets.<\/span><\/li><li><span style=\"font-style: inherit; font-weight: inherit;\">Unhedged GREIT strategies have benefited from weak Australian dollar, adding 3.3% and 1.8% p.a to investor returns over the past 12 and 36 months, respectively.<\/span><\/li><li><span style=\"font-style: inherit; font-weight: inherit;\">The average correlation of manager excess returns is low however rising cost of capital and geopolitical uncertainty is likely to drive correlation higher going forward.<\/span><\/li><li><span style=\"font-style: inherit; font-weight: inherit;\">The data-set on GREIT manager performance suggests that investors need to be cautious when selecting active managers in this asset class.<\/span><\/li><li><span style=\"font-style: inherit; font-weight: inherit;\">To realise positive, net of fee alpha, investors need to select highly active, skilled managers that can deliver first quartile alpha.<\/span><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4292f16 elementor-widget elementor-widget-button\" data-id=\"4292f16\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/tat.capital\/wp-content\/uploads\/2025\/06\/final_greit-research-paper_230818.pdf\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">View Report<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>GREITs Landscape Review \u2013 Outlook for institutional allocation positive, but caution warranted on active managers May 22, 2025 1:18 am [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3835,"comment_status":"open","ping_status":"open","sticky":false,"template":"elementor_canvas","format":"standard","meta":{"inline_featured_image":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[9],"tags":[49],"class_list":["post-3274","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-insights","tag-real-estate"],"_links":{"self":[{"href":"https:\/\/tat.capital\/index.php?rest_route=\/wp\/v2\/posts\/3274","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tat.capital\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tat.capital\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tat.capital\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tat.capital\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3274"}],"version-history":[{"count":5,"href":"https:\/\/tat.capital\/index.php?rest_route=\/wp\/v2\/posts\/3274\/revisions"}],"predecessor-version":[{"id":3720,"href":"https:\/\/tat.capital\/index.php?rest_route=\/wp\/v2\/posts\/3274\/revisions\/3720"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tat.capital\/index.php?rest_route=\/wp\/v2\/media\/3835"}],"wp:attachment":[{"href":"https:\/\/tat.capital\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3274"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tat.capital\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3274"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tat.capital\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3274"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}