Vitaliy Katsenelson gives advice to active managers in a time when investors need to be more engaged

An oft-repeated maxim is that real estate is one of the best long-term investments. For the better part of the last 60 years or so this certainly held true.

The California Public Employees’ Retirement System (CalPERS) has replaced Hines as manager of its National Office Partners (NOP) real estate portfolio and tapped CommonWealth Partners LLC (CWP) to take over the huge office portfolio. The …

As of November 30th, the Winans International Real Estate Index ⢠posted a decline of 3.6% through most of the 4th quarter and confirms that housing is still in a severe bear market.

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