Beursgenoteerd vastgoed Van Lanschot Kempen

Listed Real Estate

Diversified portfolios of listed real estate funds

Objective

We seek to achieve long-term value by building diversified portfolios of listed real estate funds, operating across a range of market segments.

Philosophy

In our view:

global listed real estate offers defensive characteristics in higher-inflation environments and, when held for more than 18 months, lower correlation to equities and bonds;
the listed real estate fund market is inefficient and contains mispricings at the building and fund level which can be identified and traded by combining a data-driven, quantitative approach with qualitative expertise and experience;
location and building quality are key determinants of return potential, while management quality, ESG pedigree and balance sheet strength determine the risk profile of the investment.

Approach

Our team follows a systematic investment process that blends quantitative and qualitive expertise and experience with the aim of:

expanding a continuous, industry-leading data infrastructure of relevant, global real estate data at fund and building level, as the cornerstone of our quantitative decision-making and differentiation;

driving insights from this unique investment approach to establish optimal entry and exit valuation points by taking a methodical, scored approach to evaluating return potential and risk;

constructing portfolios based on aggregate currency weightings intended to neutralise macro factors, while focussing fully on stock-specific real estate analysis and investing.

We deliver this approach with a global or European focus.

Capital at risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested.