Disciplined Diversification
As the saying goes, the most important aspect of real estate is "location, location, location." We agree, and believe that real estate is the most "localized" of all asset classes. By diversifying across different markets, cities, countries and regions, our portfolio of multiple locations provides a broadly diversified investment.
Geography is only one part of it. MFIRE endeavors to reduce risk by diversifying our portfolios across a number of factors, including:
| Diversification | International Strategy | Domestic Strategy |
| By Manager | 15-20 underlying managers | 10-12 underlying managers |
| By Geography | Across international regions, countries and markets | Across U.S. regions, states and markets |
| By Strategy | Targeting exposure to both value-added and opportunistic managers | |
| By Property Type | Investing across traditional (office, retail, multi-family, industrial), and alternative (hospitality, student housing, real estate operating companies, etc.) property types which perform differently in different economic environments | |
| By Product Life-Cycle | Gaining exposure to both new construction and existing income producing properties | |
| By Time | Committing to managers over two to three vintage years, smoothing exposure across cycles | |
