| From Pionline.com: Scott Farb called real estate a desirable asset class and a ‘safe haven’ from other market risks. Real estate managers' total assets, excluding real estate investment trusts, crossed the $1 trillion mark for the first time in Pensions & Investments' annual survey of the largest real estate managers, but overall asset growth ebbed slightly from the previous year.
The $1.006 trillion in assets reported by 103 real estate managers for the 12 months ended June 30, was up 24% from the same date last year. That growth rate is six percentage points more than the previous survey period. The top 50 managers of U.S. institutional tax-exempt assets saw an increase of just 7.3% to $425 billion 23% growth rate two years earlier. Overall, tax-exempt assets grew but moderated to 6% to almost $468 billion, nine percentage points less than the 21% and 20% growth rates of the last two years' surveys..... Full Article: Source
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