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Retail Separate Accounts  Alternative Real Estate

Duff & Phelps U.S. REIT SMA


Portfolio Overview

Investment Objective

Seeks attractive long-term returns by providing U.S. real estate securities exposure, emphasizing companies with revenues driven by recurring rental income.

Investment Philosophy

We believe the highest risk-adjusted returns are achieved with an investment approach that utilizes in-depth company research on high quality owners and operators of enduring commercial real estate. We favor companies with durable cash flows and experienced management.

Investment Partner

Duff & Phelps Investment Management Co.

Duff & Phelps Investment Management Co. offers specialty investment strategies that strive to enhance client outcomes. The product mix, which includes Global Listed Infrastructure, Global Real Estate, MLPs & Energy, and International Equity, was developed from the fundamental company research expertise first established back in 1932. Today the firm continues to stand for Quality, Reliability, and Specialization.

Learn more about Duff & Phelps Investment Management Co.

Investment Professionals

Geoffrey Dybas

Geoffrey P. Dybas, CFA

Executive Managing Director, Senior Portfolio Manager and Head of Real Estate

Industry start date: 1989
Start date as fund Portfolio Manager:

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Frank Haggerty

Frank J. Haggerty, Jr., CFA

Senior Managing Director, Senior Portfolio Manager

Industry start date: 1996
Start date as fund Portfolio Manager:

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Marketing Materials

Duff & Phelps U.S. REIT SMA Fact Sheet/Commentary
Duff & Phelps Capabilities Brochure
DPIM U.S. REIT Strategy SMA Presentation

Risk Considerations

Equity Securities: The market price of equity securities may be adversely affected by financial market, industry, or issuer-specific events. Focus on a particular style or on small or medium-sized companies may enhance that risk.

Real Estate: The portfolio may be negatively affected by factors specific to the real estate market, including interest rates, leverage, property, and management.

Industry/Sector Concentration: A portfolio that focuses its investments in a particular industry or sector will be more sensitive to conditions that affect that industry or sector than a non-concentrated portfolio.

Market Volatility: Local, regional, or global events such as war, acts of terrorism, the speed of infectious illness or other public health issues, recessions, or other events could have a significant impact on the portfolio and its investments, including hampering the ability of the portfolio manager(s) to invest the portfolio's assets as intended.