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Institutions Place (Hypothetical) Bets on Industrial

NEW YORK CITY—It's not only the rise of e-commerce that's pushing private equity and REITs to increase their allocations to industrial, Altus Group's Chuck DiRocco tells GlobeSt.com.

By Paul Bubny | paulbubny | Updated on January 17, 2017

Photo of Chuck DiRocco Industrial is “a hard sector not to put the spotlight on,” says DiRocco.

NEW YORK CITY—Asked how they would invest a hypothetical billion dollars, C-Suite executives at leading institutional real estate firms expressed a clear preference: industrial. That’s among the key findings of Altus Group’s just-released 2017 Real Confidence Executive Index, which Altus produced in collaboration with NAREIT and the National Council of Real Estate Investment Fiduciaries.

“The survey results demonstrate a large overweight allocation to the industrial sector,” says Mike Miles, managing principal at Guggenheim Real Estate LLC, and survey respondent. “The potential issues with retail, apartments and office are real and very apparent. On the other hand, the potential issues with the industrial sector are less apparent at this time.” Along with Guggenheim, other firms participating included AEW, Berkshire Group, Clarion Partners, Kimco Realty Corp., MetLife and Weingarten Realty Investors.

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