Mass PRIM Realizes REITs are Worse at Diversification than Private Real Estate
Posted on 02/28/2019
The board of Massachusetts Pension Reserves Investment Management (Mass PRIM) decided to lower its exposure to real estate investment trusts (REITs). Mass PRIM, with a US$ 6.85 billion real estate portfolio, conducted a review and found that REITs offer fewer diversification benefits relative to private real estate. The review also highlighted that REITS are highly […]
