For years, many large institutional investors have been skeptical about real estate's role as a distinct asset class. Today, that skepticism has been replaced by recognition of the positive impact that real estate can have on their portfolios. "We're seeing so much liquidity in the real estate market around the world because it has become a mainstream asset class in the minds of most institutional investors. Pension funds and insurance companies have allocated an increasing portion of their portfolios in real estate," says Michael Pralle, president and CEO of GE Real Estate.
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