The Public Officials Benefit Association, known as ‘POBA’, is the most active institutional investor in listed REITs among domestic institutional investors. In 2018, CBRE was entrusted with KRW 100 billion to invest in global listed REITs for the first time. That experience made for quicker investment decisions in early 2020 when COVID-19 was wreaking havoc on listed REITs stock prices around the globe. 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 […]