Fitch Ratings unveils new real estate criteria

Focused on real estate-specific factors, the new criteria are divided into five groups: company and staffing; risk management and controls; investment selection; portfolio management; and investment administration. Roger Schneider, a director in Fitch Ratings' Fund and Asset Manager Group, said: "Our new Real Estate Asset Manager rating approach provides enhanced focus on the specialised backgrounds, investment skills, and investment processes needed to ensure effective management of real estate investments." Fitch will use an ordinal scorecard approach in evaluating asset managers. T...