Real Assets Adviser
Real estate is a cyclical investment class, and after eight years of economic growth — in fact, the United States is currently in its third-longest expansion since World War II — the current upward trend of the cycle is feeling a little long in the tooth. While no one can point to a specific event that will cause it to turn downward, it just feels like it is time for the cycle to start cycling. So how can private investors prepare for a change in the investment climate? One way is to look at what institutional investors are doing.