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Data Center

Active Fund Managers Shift Allocations to Digital and Healthcare Real Estate

Data centers and healthcare real estate gained year-over-year in actively managed real estate investment funds’ shares of REIT assets under management, while industrial and retail properties lost ground. That’s according to Nareit, which said that active managers continued to shift allocations to digital and healthcare sectors and away from commerce sectors in the fourth quarter of 2024.

Telecommunications and data centers were the most overweight sectors relative to their index weights, invested at 123% and 120% of their index shares, respectively, Nareit reported. Healthcare jumped to the second-highest absolute allocation at 14.6% in Q4, reflecting the largest year-over-year increase among the sectors.

Residential remains the property sector with the highest investment at 16.7%. Retail and telecommunications tied for third place at 13.4%, followed closely by data centers at 13.1%. At the bottom of allocations were office and lodging properties, according to Nareit.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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