Pensions
National Pension Service of Korea Wagers Offices, Hotels Will Recover
The world’s third largest pension fund placed a $1 billion bet on public global real estate with asset manager Russell Investments.
Investments in them could end up in Davy Jones’ locker if the ocean swallows the coastlines.
If the health hazards are resolved, look for a reverse exodus. That’ll benefit battered office REITs.
MBS, which got flattened in March, are on the mend, but some warning signs linger. Like, what if the recession caves the housing market?
Amid soaring rents, with home buying unimaginable for many, some real estate investors are trying to tackle the problem.