High-quality, well-located real estate has already acted as a store of value for just about all of modern history, and it is well-placed to continue to do so. Commercial real estate offers predictable and growing contractual lease income, protection against inflation as a real asset, lower correlations with other asset classes and durability against social, economic or technological change. While the specific geographies and property types offering the best risk-adjusted returns can and do evolve, the core purpose of real estate — to facilitate shelter, collaboration, entertainment or commerce — will always be relevant. One of the best ways to access real estate is via the public REITs market, which at the moment happens to be entirely dislocated relative to private real estate funds, which often own lower-quality assets and operate with much riskier capital structures. This makes now an opportune time, in our view, to establish an allocation to real estate via listed REITs for the next decade and beyond.
A rocky 2022 has left investors worried. Bloomberg Markets asked some experts where they would safeguard money over the next decade
Greg Kuhl, Portfolio manager of global property equities at Janus Henderson Investors

