Real Estate Insights: The changing landscape of non-listed real estate investment management

Purpose This paper outlines the significant changes that have occurred in recent years in the non-listed real estate fund management landscape at a global level for institutional investors. Critical drivers of these changes are identified. Design/methodology/approach Using a diverse range of information sources, the changing landscape and drivers for non-listed real estate fund management for institutional investors are examined. The implications for non-listed real estate funds are articulated. Findings The non-listed real estate fund management sector has become increasingly sophisticated and more professional in recent years, offering a range of real estate investment opportunities for institutional investors. An increased range of real estate sectors suitable for institutional investors is identified, including both the traditional real estate sectors and the alternative real estate sectors. Practical implications Insights from understanding the changing landscape of non-listed real estate fund management provides opportunities for more informed, evidence-based real estate investment decision-making by institutional investors. Originality/value This paper provides an up-to-date discussion of the drivers of the changing non-listed real estate funds landscape globally to articulate effective real estate investment strategies for institutional investors.