Dr Yu-Cheng (Robbie) Lin is a real estate investment specialist and economist and holds PhD in real estate investment and finance from UNSW. He has research expertise in global capital markets, multi-asset portfolio construction and asset allocation strategies, global commercial real estate markets (unlisted and listed) and forecasting, with a unique blend of industry and academic experience. Robbie is also a chartered member of the Royal Institution of Chartered Surveyors (MRICS) in investment management, financial modelling and valuation.

Robbie has commercialised and formulated his research outputs as institutional investment strategies, with a Proven Record:

1. Forecasting 2022-2024 global rate hike cycles - Formulating interest rate risk management strategies for real estate across sectors and markets published by European Public Real Estate Associate (EPRA) research paper and journal paper. Commenting thoughts on global rate hikes (times and magnitudes) shared with Special Broadcasting Service (SBS) in Sep and Oct 2021.

2. Assessing impacts of Global Key Central Banks' (the Federal Reserve, BOE, ECB, RBA) monetary policies on real estate acrss by sector (office, retail, industrial, multifamily (BtR), self-storage, healthcare, hotel, data centre and infrastructure) across USA, UK, European and APAC via quantitative interest rate sensitivity analysis;

3. Tactical (TAA), Strategic (SAA) Asset Allocation and Portfolio Construction strategies for real estate by sector across the USA, UK, Europe and APAC.

4. Quantitative market and sector selections on real estate by sector across the USA, UK, Europe and APAC.

5. Distressed asset investment strategies for real estate by sector across the USA, UK, Europe and APAC.

6. Debt investment strategies for real estate credit markets by sector across the USA, UK, Europe and APAC.

Robbie's research agenda is highly connected to the commercial real estate (CRE) industry and features a high level of real estate market awareness, with a strong Asia-Pacific and US focus. This has covered the assessment of the added-value and strategic role of multiple real estate sectors of REITs, unlisted real estate funds, direct real estate (e.g. office, retail, industrial and logistics, multifamily (BtR), healthcare, hotel, infrastructure, data centre sectors) in institutional investors' multi-asset portfolios (e.g. PE funds, insurers, pension funds, SWFs), as well as varying interest rate sensitivity of multiple real estate sectors of REITs across the USA, Japan, Australia and Singapore. The interest rate sensitivity analyses on multiple real estate sectors of REITs are particularly important for investors and lenders' understanding of interest rate risk management for multiple real estate sectors in local and international investment portfolios, given the growth of refinancing capitals and newly troubled loans during the COVID pandemic. 

The significance and practical use of his PhD program have been externally validated by four SSCI real estate journal articles (as primary author), seven major international real estate conference papers and six media articles for the UK online real estate magazine-The Property Chronicle (https://www.propertychronicle.com/author/robbie-lin).

A. Research Project, European Public Real Estate Association (EPRA) - 

(1) Varying Interest Rate Sensitivity of Different Real Estate Sectors - Global Listed Real Estate Evidence (2024)

B. Journal articles - 

(1) Varying interest rate sensitivity of multiple real estate sectors of REITs in the Pacific Rim region (2021)

(2) Strong performance of Logistics in the Pacific Rim region (2020)

(3) Strong performance of multifamily (BtR) sector in Japan (residential J-REITs) (2019)

(4) Strong performance of multiple real estate sectors of REITs in Australia (2019)

C. Media articles - 

(1) Impacts of US monetary policy (10Y, 3m, term spread) on Pacific Rim Commercial Real Estate

(2) Strong performance by Logistics

(3) How can China learn from the global REITs by sector

(4) Dynamics of Pacific Rim office sector

(5) Why specialized real estate is a better investment strategy

(6) Performance of international Build-to-Rent (BtR)

D. Media coverage  - 

(1) European Public Real Estate Association (EPRA) - Varying Interest Rate Sensitivity of Different Real Estate Sectors - Global Listed Real Estate Evidence (2024)

(2) Special Broadcasting Service (SBS) - Impacts US rate hikes on real estate markets in Australia (Sep 2021)

(3) Special Broadcasting Service (SBS) - Commercial real estate market trends in post-COVID environment (Oct 2021)

In particular, multiple sectors (e.g. office, retail, industrial and logistics, multifamily (BTR), healthcare, hotel, infrastructure, data centre sectors) of daily, weekly, monthly, quarterly and yearly country- and regional-based REIT indices across the US, Japan, Australia, Singapore, Hong Kong, Malaysia, Thailand, Philippines, Taiwan and South Korea were constructed and utilized in his PhD program, offering a fuller understanding of market fundamentals and dynamic risk-return attributes of multiple real estate types of REIT portfolios across the APAC and US from multi-dimensional investment perspectives - both investment performance and risk management dimensions. These publications offer insightful investment initiatives in multiple CRE sectors across the US and APAC are a strong testament to forecasting international CRE market trends.

Robbie's doctoral thesis was awarded 2021 Doctoral Program Manuscript Prize Winner by the American Real Estate Society (ARES).