Future Fund Bets on Apartments in America
Australia’s Future Fund is increasing investment exposure to U.S. real estate. In recent months, the Australian sovereign wealth fund has committed to investing in real estate funds targeting middle-market apartments in the United States. Unlike office and industrial properties where profitability is in control of a few key tenants, a unique characteristic of multifamily housing is that rental income may be spread out among hundreds of tenants in a complex.[Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view site content.]
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