Comment by chrisjharris

The people directly managing the investment are unlikely to also be holding REITs, so your assumption is valid. I think it's basically that: - The people who care about company profit are the asset managers, who will tend to implement their ideas by selling/buying shares, rather than trying to encourage a given company's management towards better practice - Corporate governance itself is therefore usually outsourced to proxy voting companies, who are quite conservatively-minded (and spread quite thin) and so won't tend to micro-manage, they'll assume that profit maximization is the job of management - The only thing the proxy voting companies will tend to have a say on is ESG-related, and WFH doesn't really fit into that