Sovereign wealth funds (SWFs), owned by national governments to invest a country’s surplus wealth, will become an increasingly important source of capital for real estate—particularly in the United States, and especially in a market that has seen a decrease in capital available from other institutional investors. And as the U.S. economy recovers, SWFs—along with pension funds and real estate investment trusts —are likely to be very active in U.S. real estate investment.
