As capital rushes into target-date funds, defined-contribution plan sponsors are looking to manage risks and diversify, putting private real estate on their investment radar.

PrivcapRE editor Zoe Hughes spoke with Jason Kern, CEO of the Americas at LaSalle Investment Management, about the weight of foreign capital targeting U.S. property markets, and how investors and managers need to avoid chasing yields into lower-quality markets.

In today’s market, fundraising for real estate assets has become less urgent than in previous years and there is a concern about deploying capital at this point of the cycle. Despite this, real estate is appealing to institutional investors as a long-term and income-oriented hold.

How do GPs fundraise amid truly global real estate capital flows?

Defined contribution plans could inject more than $180B of fresh capital into private real estate, but there are critical issues to overcome.