34. Constructing a Real Estate Portfolio to Weather Market Volatility

Over the last several years, commercial real estate has seen its share of challenges. From a global pandemic to rising interest rates and changes in trade policies, investors in commercial real estate have had to deal with sometimes extreme market volatility. Despite these challenges, commercial real estate remains an important part of a thriving U.S. economy and the investment strategy SWIB has implemented for the Wisconsin Retirement System (WRS). SWIB's real estate portfolio helps diversify the Core Trust Fund and has generated an impressive track record of investment performance which has greatly benefited the WRS, helping keep it fully funded and well-positioned to deliver on its promise to over 692,000 participants. In this episode of The SWIB Podcast, we look at how SWIB's real estate portfolio plays an important part in SWIB's asset allocation. We talk to Jason Rothenberg, SWIB’s head of real estate, about some of the challenges facing SWIB’s real estate portfolio, what trends are impacting how institutional investors view the real estate market, and what steps SWIB’s real estate team has taken to overcome the market volatility.