Hot Real Estate Fund Mandate
March 12, 2009
A domestic governmental investor recently outlined a real estate fund search with a BHA analyst. The investor, based in Texas invests into real estate directly as well as through funds. They are quite opportunistic and are interested in core, core plus, and value add funds.
In terms of geographic exposure, they are targeting funds focused on the United States. The firm prefers experienced managers in the current market environment. At the current time they are interested in evaluating compelling opportunities.