Institutional investors are continuing to increase target allocations to real estate despite the first decline in confidence among the segment in five years.

The tenth annual Institutional Real Estate Allocations Monitor by Hodes Weill & Associates and Cornell University’s Baker Program in Real Estate notes that “decreased conviction coupled with portfolio overallocation has resulted in a slowdown of deployment pacing,” but adds that institutions are expecting to increase allocations to real estate by 30 basis points to 11.1% next year.

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Lynn Pollack

GlobeSt

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