February 4th- 6th, 2015, Devonshire hosted it’s Inaugural Fiduciary Symposium

For over 60 years Pensions, Endowments and Foundations have used Commercial Real Estate as an integral part of their portfolio allocations for three reasons: 1) Income, 2) Diversification and 3) an Inflationary Hedge. The average allocation to CRE is 10% with almost 75% of that being in the form of private commercial real estate.

This is in contrast to the average bank or private trust who typically hold at most a small position in public REITs as their “real estate” allocation.

Academic studies and real performance have proven that holding both private and public real estate in portfolio allocations yield the highest returns for the lowest corresponding amount of risk (as measured by volatility).

So, in an effort to help spread awareness, and provide education on commercial real estate, its structures and options, its strengths and weaknesses, and its proper role in a fiduciary’s practice, on

February 4th – 6th, Devonshire hosted its Inaugural Fiduciary Commercial Real Estate Symposium.

Held at the Ritz-Carlton Golf Resort in Naples, Florida, attendees heard speakers representing the full spectrum of commercial real estate topics: public and private, due diligence, economics, portfolio allocation and estate planning (721/1031 exchanges). Attendees also earned six continuing education credits towards their CFAs, CFPs and CSOPs.

It wasn’t all work though as several attendees got in a round of golf Wednesday morning, and on Thurs- day night all enjoyed a private cruise and dinner on the Naples Princess dinner cruise ship with a ride along the coast taking in the beautiful scenery of Naples Bay and Port Royal.

Planning is under way for next year’s Symposium with hopes to have additional details available in the near future.