Modern economics has created a fairly simple and time-tested equation: if the risk-adjusted returns of a given investment are sufficiently attractive, capital flows towards it. In recent years, very few asset classes have had a better risk-adjusted return than real estate. Q4 2021 hedge fund letters, conferences and more Institutions are buying physical real estate; what are the implications As a result, capital has flowed towards real estate in droves. This is, of course, of great interest to the average citizen because real estate tends to be the primary shelter for most individuals & famil…