Insurers focus on joint ventures for real estate deals
As market changes, firms switch strategies to make investments
BY ARLEEN JACOBIUS
MARCH 9, 2015
Updated with correction
Insurance companies continue to charge into real estate, especially joint ventures.
Insurers pumped more than $7.7 billion into commercial real estate in the year ended Dec. 31. The biggest annual jump occurred between 2011 and 2012, when insurers’ real estate investments more than doubled to $6.7 billion from $3.3 billion.
Insurance companies had $42.7 billion invested in joint ventures as of Dec. 31, 2013, the latest data available, up from $29.2 billion in joint ventures, partnerships and limited liability companies as of Dec. 31, 2011, according to the Capital Markets Special Reports of the National Association of Insurance Commissioners and the Center for Insurance Policy and Research.