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During this mid-year update, we reaffirm our property sector allocation recommendations and recommend minor shifts to our target markets. Given our five-year outlook, we continue to recommend a modest underweight to multifamily (22% versus the NPI benchmark allocation of 25%), an overweight to industrial (23% versus 14% for NPI), an underweight to office (30% versus 35% for NPI) and a modest overweight to retail (25% versus 23% for NPI).
Source : RREEF Real Estate
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