The King of REITs Is Moving Into Private Real Estate
Cohen & Steers — the firm that was arguably responsible for putting real estate investment trusts on the map — is now moving into privately held real estate and building the first investment strategies that can move back and forth between public and private markets. To lead the effort, the firm has tapped James Corl, who had been Cohen & Steers’ chief investment officer of listed real estate before leaving to build out Siguler Guff & Co.’s $3 billion private real estate team eleven years ago. With this move, Cohen & Steers can now invest in $15 trillion worth of commercial real estate...
Source: institutionalinvestor.com