Real Assets
In the fall of 2024, IPC introduced the Real Assets Research Initiative (RARI), a dedicated research initiative in the real assets space, replicating the success of IPC’s Private Equity Research Consortium in equities. With this new initiative, IPC aims to address the current lack of academic research in real assets, especially through the investor/portfolio perspective, with the goal of connecting academic researchers and industry practitioners to advance research and solve the most pressing problems faced by industry.
In conjunction with this initiative, we’ve introduced a new data sharing agreement between MSCI and IPC, which will make MSCI’s Real Capital Analytics database available for academic research. Applications for data access are accepted semi-annually and reviewed by the RARI Advisory Board.
Latest Real Assets Research
Timing Sustainable Engagement in Real Asset Investments
This paper estimates the effect of sustainable shareholder engagement on firm's investments. We study the real estate industry where investments are sporadic and occur following depreciation cycles. More
Specialization and Performance in Private Equity: Evidence from the Hotel Industry
Using granular data on U.S. hotel investments over the past two decades, we show that industry-specialist PE firms achieve higher net income from operations and higher capital gains from sale than generalist PE firms for comparable properties. More
A First Look at the Historical Performance of the New NAV REITs
Private Commercial Real Estate (CRE) funds provide institutional investors an opportunity to access the CRE market, but most of them are inaccessible to typical individual (retail) investors. In this paper, we study the early performance (2016 to 2023) of a special and emerging class of non-listed CRE funds that are accessible to individual investors. More
Advisory Board
Greg Brown
Christian Lundblad
IPC formerly partnered with the Commercial Real Estate Data Alliance (CREDA). For more info on this initiative, please visit The Wood Center for Real Esate Studies.