Investing in residential comes with challenges. It’s someone’s home, for starters. Reputations might be at stake if something untoward happens.

Residential can call for a more hands-on involvement than commercial real estate and that has been offputting for funds. With an office or retail property, all the building repairs, the insurance and hassle can sit with Mr Plc to do and to pay for. Then there's the reassurance that Mr Plc won't lose his job or disappear abroad, with no forwarding address.