Sovereign wealth funds had 34% of their real estate assets invested in the value-added category followed by 31% in opportunistic. SWFs had roughly equal portions of core, core-plus and debt strategies.
Sovereign wealth funds favor value-added, opportunistic real estate strategies
Vintage 2017 real estate funds had a median internal rate of return of 12.2%. The bottom-quartile funds had an 8.3% IRR, and it was 19.7% for top-quartile funds.