Korean asset owners turn to blind pools for real estate investing

Domestic real estate investors are turning to blind pools for returns while the ongoing Covid-19 pandemic makes it difficult to thoroughly assess contract structure or counterparties, according to Korean asset owners. Jungsu Lee, PMAA Blind pools are vehicles that lack a seed portfolio or stated acquisition targets. While funds with a pipeline of assets give investors better visibility and are typically favoured, blind pools provide more flexibility to take advantage of em…