They both trust real estate.
Not a suspect decision, of course, but it’s still telling that nobody‘s talking about another bubble ready to burst. Baby boomers aren’t alone in putting big bucks behind real property — investors from big banks to budding entrepreneurs are increasing their real estate allocations.
A new report from Cornell University’s Baker Program in Real Estate and Hodes Weill & Associates, a global real estate advisory firm, reveals that institutional investors, like millennials, continue to increase their real estate investments.
This year, their target allocations averaged 10.1%, up from 9.9% in 2016; in 2018, target allocations are expected to nudge even higher, to 10.3%.
This is good news for the real estate industry, as well as anyone who’s thrown a few dollars behind a smart real estate investment.