Until the 1970s, the investment landscape was largely
dominated by wealthy
individuals and families; this has since changed markedly, with professional
investors now accounting for the largest share of investment activity, though it should be noted that these professionals manage significant mutual fund asset pools that are driven
by retail
investors.
What was once a field
dominated by individual buyers and 1031 exchange
investors is now seeing more competition from REITs, larger private
investors, foreign buyers and other institutions.