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A lack of any clear definition of alternative investments is hindering their use in defined contribution retirement plans, according to the Defined Contribution Real Estate Council.

DCREC co-Presidents David Skinner of Prudential Real Estate Investors and Laurie Tillinghast of UBS Global Real Estate-U.S. say that as defined benefits plans gave way to 401(k)s and other DC plans, investors and plan sponsors have not fully grasped the role commercial real estate can play as part of a balanced retirement savings account.

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