ULI Forum: Operational Real Estate

Active real estate asset management is for the foreseeable future the likely driver of real estate returns. Operational properties are a particularly interesting segment of active asset management with returns being more aligned with and dependent on the operation of the business carried out within the building, often resulting in higher rents with some variable component. The operational alignment means that specialist skills are required to manage these real estate assets, often handled by operator-driven real estate platforms, specialized within subsets of real estate and focused on tightly segmented customers categories. A combination of brand, digitally born business models, service along with assets designed for these customer categories means that the customers will pay a higher rent for this space.

Investment managers will need to consider very carefully whether they wish to become operators themselves and whether they want to start up their own platforms or acquire existing ones.

Speakers:

Valentina Shegoyan, Founding Partner, OPREIM,

Carl-Johan Collet, Chief Investment Officer, Fokus Nordic

Simone Pozzato, Managing Director and Fund Manager, Hines

Marcin Juszczyk, Managing Partner, Capital Park Group

Rebekah Tobias, Founder and MD, Independence Ventures?