Number of Real Estate Interval Funds Grows, Offering Individual Investors Greater Access to CRE
December 19, 2022 | Mary Diduch | WealthManagement.com
PIMCO, a Newport Beach, Ca.-based investment management firm with nearly $1.7 trillion worth of assets under management, has launched a new real estate interval fund. The fund might signal further “democratization” of access to commercial real estate investment opportunities, industry insiders say.
PIMCO’s Flexible Real Estate Income Fund (REFLX), announced earlier this month, will kick off with a commitment of $75 million in seed capital from the firm and tap into PIMCO’s $190 billion commercial real estate platform.