You wonder the timing of Charles Schwab and Co. starting a new real estate fund. The residential market is suffering both financially and perceptually by investors. Commercial property has already had a huge run up and is nearing the top. The fund is going to invest both domestically and internationally so this may be an opportunity to invest overseas in such locales as Dubia and Singapore, but overall I would be surprised to see a large buy in for a real estate fund in the short term.
The global real estate fund, managed by Jeffrey Mortimer, Dionisio Meneses Jr. and David Siopack, will mainly invest in domestic and international commercial real estate investment trusts. The fund will use research from Global Real Analytics, which Schwab bought in January. It won’t invest directly in property. This new fund will start trading May 31. San Francisco Business Times
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