Under the agreement, CBRE Capital Advisors will be the exclusive broker for the new product, facilitating the aggregation of pricing and trade execution. Additionally, CBRE Capital Advisors will also be responsible for arranging secondary trade pricing, facilitating rollovers at the end of the valuation periods and facilitating the ongoing creation and redemption of duETS based on market demand.

At CBRE Capital Advisors, senior managing director Philip Barker says duETS can provide “an efficient allocation tool for institutional investors that want to adjust or rebalance their real estate portfolio without making a major commitment or changes to new or existing investments. In addition, we expect duETS to be the foundation for further product innovation in the real estate space.”

According to GIG's website, new duETS will be issued in series, every two years, enabling investors to go long or short real estate over extended time frames. The initial Down and Up securities of duETS US Commercial Property Securities 2X will be linked to concurrent measurement periods consisting of sequential calendar years 2017-2018 and 2019-2020.

TACOMA, WA—Global Index Group, headquartered here, and CBRE Capital Advisors have signed an agreement for CBRE's investment banking arm to serve as exclusive broker for a newly introduced type of real estate-index based securities. Known as duETS (Down/Up Equity Trust Securities), the securities will allow institutional investors to invest, either long or short, on commercial real estate values.

First of the new product line is duETS US Commercial Property 2X, tied to the change in market value of the National Council of Real Estate Investment Fiduciaries' quarterly NCREIF Property Index. NPI. The most recent NPI reflected investment performance for 7,364 commercial properties valued at a combined $525.3 billion.

“Commercial real estate is a strategic component in many institutional portfolios due to its large size, healthy yields, and relatively low correlation with other asset classes,” says GIG CEO Kelly Haughton. “Until now, however, investment options have been limited to direct investment, open-end diversified core equity and other private funds, and public and private REITs.

“Often, the ability to get in and out of these private investments is constrained by the illiquidity of the underlying properties, resulting in situations where investors are unable to deploy their capital fully,” he continues. “duETS will provide new tools for investors, including the ability to easily hedge their positions.”

Under the agreement, CBRE Capital Advisors will be the exclusive broker for the new product, facilitating the aggregation of pricing and trade execution. Additionally, CBRE Capital Advisors will also be responsible for arranging secondary trade pricing, facilitating rollovers at the end of the valuation periods and facilitating the ongoing creation and redemption of duETS based on market demand.

At CBRE Capital Advisors, senior managing director Philip Barker says duETS can provide “an efficient allocation tool for institutional investors that want to adjust or rebalance their real estate portfolio without making a major commitment or changes to new or existing investments. In addition, we expect duETS to be the foundation for further product innovation in the real estate space.”

According to GIG's website, new duETS will be issued in series, every two years, enabling investors to go long or short real estate over extended time frames. The initial Down and Up securities of duETS US Commercial Property Securities 2X will be linked to concurrent measurement periods consisting of sequential calendar years 2017-2018 and 2019-2020.