Content (62)
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White papersU.S. Real Estate Sector Report
The apartment sector continues to experience deterioration in market fundamentals, primarily due to oversupply in Sunbelt metros. Demand has remained largely positive but is not strong enough to offset record deliveries. Liquidity remains constrained but is generally favorable relative to other sectors today. The longer-term outlook remains positive despite near-term headwinds.
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White papersU.S. single-family rentals
In the third part of our Living Sector Series, we focus our attention on single-family rentals, which is one of our highest conviction strategies within the real estate asset class today. Once synonymous with home ownership, the single-family market underwent an evolution following the Global Financial Crisis (GFC) due to shifts in economic and demographic dynamics, which changed the way individuals and households think about housing.
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White papersU.S. multifamily housing: Distress can create opportunity
The U.S. multifamily housing sector faces challenges from both overdevelopment and capital market pressures, with ongoing issues anticipated through 2025. However, solid macroeconomic fundamentals and sustained demand, particularly from younger generations favoring rentals, offer potential opportunities in the medium-term for well-capitalized investors to exploit distress in the market.
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White papersAn entry point for Private Equity Real Estate in 2024
The past 12 months have been challenging for commercial real estate. Despite economic growth that is firmly above trend and a robust labor market expansion—both of which tend to predict healthy fundamentals and investment performance—commercial real estate values are down 12.5% from their peak during the current correction that began at the end of 2022
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White papersUsing economic state models to assess the U.S. office outlook
Economic state models can be a valuable tool for investors seeking a framework to methodically analyze dynamics between macroeconomic indicators and local market trends, as well as anticipate changes in real estate cycles and formulate better-informed strategies.
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White papersThe case for commercial real estate as part of a well-diversified portfolio
The investment landscape has been significantly impacted by the shift in the Federal Reserve’s (Fed) monetary policy beginning in March of 2022.
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White papersCredit crisis? Why this time may be different for REITs
“Credit crisis” and “banking stress” are dominating headlines and creating uncertainty for capital markets. Real estate is a capital-intensive industry and depends on well-functioning capital markets to thrive.
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White papersREAL ESTATE’S PUBLIC QUADRANTS: Increasingly attractive, as most of the risks are already priced in
Dark clouds of a recession hang over investment markets with the Federal Reserve continuing to tighten monetary policy. Markets are pricing for Fed funds to approach 4.5% by year end, possibly higher in 2023 moving into restrictive territory.
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White papersLISTED INFRASTRUCTURE: Three win/win opportunities for investors and society in the U.S.
The electric grid is increasingly vulnerable to damage from storms and other natural events such as wildfires. Hardening the grid is therefore a major focus for utility companies in the U.S. today.
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White papersRESILIENT HOUSING: Greater demand, lower risk, recession resistant
The U.S. residential rental market has demonstrated remarkable strength since the pandemic. All types of housing, including traditional multifamily, single-family rental, and manufactured housing, have exhibited strong occupancies, collections, and rent growth. Furthermore, all price points, from luxury to lower end, and locations, both urban to suburban, are experiencing success in these key operating metrics.
