2021 Retail Investor Survey Report

RETAIL INVESTMENT ADVISORS

11 IDEAL ACQUISITION SIZE $50M - $75M 18.1%

$75M + 8.6%

$30M - $50M 32.4%

$10M - $30M 41.0%

RESPONDENT PROFILE

$10M - $30M $30M - $50M

$50M - $75M

$75M +

INSTITUTIONAL INVESTOR / ADVISOR 42.2%

PUBLIC REIT 29.4%

PUBLIC REIT 33.3%

PRIVATE INVESTOR 62.8%

PRIVATE INVESTOR 33.3%

PRIVATE REIT 26.5%

PRIVATE REIT 20.9%

PRIVATE REIT 31.6%

INSTITUTIONAL INVESTOR / ADVISOR 26.5%

PUBLIC REIT 9.3%

INSTITUTIONAL INVESTOR / ADVISOR 22.2%

PUBLIC REIT 15.8%

INSTITUTIONAL INVESTOR / ADVISOR 7.0%

PRIVATE INVESTOR 17.7%

PRIVATE INVESTOR 10.5%

PRIVATE REIT 11.1%

CUSHMAN & WAKEFIELD // 11