The Public Officials Benefit Association, or POBA, has been the first and most active institutional investor in listed REITs. When stock prices plummeted at the outbreak of COVID-19 in early 2020, POBA moved quickly and reaped the benefits. Since mid-March 2020, the POBA has entrusted a total of KRW 300 billion to global real estate management companies, CBRE Clarion-Samsung SRA Asset Management, Invesco-IGIS Asset Management, and Starwood-Mastern Investment Management, for investment in listed REITs in sectors such as housing, offices, logistics centers, and data centers in the United States, Europe, and Japan In 2021, POBA entrusted KRW 100 billion to AEW Capital-Mastern for additional investment in global listed REITs. Other […]