Real Estate

Based on IRR, listed REITs outperformed seasoned PERE funds by an average of 165 basis points per year and outperformed economic life funds by 186 basis points per year.

The strong state of the market is fueling continued mergers and acquisitions activity as well as allowing REITs to raise capital by issuing shares.

New York City’s public school staff must get at least one dose of the Covid-19 vaccine by Sept. 27.

In Germany, Berlin residents will vote later this month on whether to expropriate big landlords, reports The Wall Street Journal. Apartment rents rose in every major U.S. city in August—the first time that’s happened since the start of the...