The democratization of private real estate

The democratization of private real estate is a trend that is opening the industry to a wider swathe of participants, which in turn is providing a larger source of capital for managers willing to work with this new class of investors. REITs have long been a driver of this trend, but more recently, the market has embraced fractional ownership and crowdfunding platforms, and a host of new start-ups are providing retail investors with fresh avenues for property investment. Managers stand to benefit from these new sources of capital.