Understanding Misconceptions with Investing in Secondary & Tertiary Markets

Since the inception of the asset class, institutional investment in real estate has been characterized by an ever-expanding investment universe as more segments, sub-asset classes, and geographies become “investable” to institutional investors. This has been characterized by a repeated process of identifying new areas of investment, developing a process for accessing and investing, overcoming misconceptions, and building the infrastructure and expertise to successfully execute investments in the new areas.