Real Estate
Real Estate assets that generate income, growth, and long-term value.
Real estate is one of the oldest alternative investments.
Private real estate investing includes ownership of:
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Properties
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Development projects
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Private real estate funds
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Infrastructure-adjacent assets (cold storage, data centers, etc.)
Real estate returns come from:
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Rental income
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Appreciation of property value
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Improved operations
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Development profits
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Refinancing events
Common Structures Include :
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Equity ownership
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Joint ventures
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Preferred equity (higher priority, fixed return)
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Mezzanine financing
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Ground leases
Investors often benefit from:
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Leveraged returns through mortgages
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Tax advantages (depending on jurisdiction)
Real Estate Strategies Include but Are Limited to the Following:
1. Core Properties
Characteristics:
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Prime locations
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High-quality tenants
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Long-term leases
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Lower leverage
Focus: Income stability
2. Core-Plus
Slightly more active management.
Examples:
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Minor renovations
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Re-tenanting spaces
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Operational improvements
3. Value-Add
Properties that need upgrades to reach full potential.
Examples:
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Renovating apartment interiors
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Repositioning retail centers
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Adding amenities
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Improving energy efficiency
Goal: boost income and property value
4. Opportunistic
Higher-risk, higher-return strategies like:
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Ground-up development
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Major repositioning
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Land development
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Distressed properties
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Hotels or niche assets
Major Property Types and Sub Asset Classes:
Residential
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Multifamily apartments
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Single-family rentals
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Student housing
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Senior living
Industrial
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Warehouses
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Logistics centers
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Cold storage
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Data centers
Commercial
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Office buildings
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Life science labs
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Retail centers
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Hospitality
Specialized Sectors
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Self-storage
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Manufactured housing
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Medical office
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Parking facilities
Overall Real estate provides tangible spaces needed in everyday life.