The large institutional money is starting to place bets on life sciences on both sides of the Atlantic
"At this point in the US, life sciences is an asset class that you can't ignore anymore," says Nicole Riley, a counsel in Goodwin's Business Law Department and a member of its Real Estate Industry group. "We have folks who are asking us how to look at this asset class from an underwriting perspective."
Given the current economic conditions, Riley is even more surprised by the inflow of capital into the sector. In October, 29 life science funds had closed almost $16 billion, according to Riley.
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
