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  "documentTitle": "Private Markets Asset Allocation Guide May 2023  002",
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      "kind": "list",
      "text": "Commercial real estate investments can be divided into four main strategies described further in the chart below\nCore\nCore plus\nValue-added\nOpportunistic",
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      "text": "Enhanced returns: opportunity for returns from a combination of income and price appreciation\nPotential inflation hedge: rental income often increases as the economy strengthens and inflation rises; real estate is thus a potential hedge against inflation\nProperty types: Include office, retail, industrial, multi-family residential and specialty (such as hotels, medical facilities, self-storage, farmland)",
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      "text": "Real estate funds are pools of actively managed capital that invest in a range of properties, which may also offer a hedge against inflation or deliver a strong income yield to the investor",
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      "text": "Real estate strategies: Core, Core plus, Value-added, Opportunistic. Leverage: None or low, Moderate, Moderate, High. Cycle: 7-10 years, 4-7 years, 5-8 years, 2-4 years. Occupancy: Near or fully occupied, Near or fully occupied, Occupied mid-term, Occupancy may be low. Income: Current income, Current income, Income upon stabilization, Little income.",
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