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Principal Real Estate (North America)

2023 Real Estate Top 150 ranking: 13

REAL ESTATE’S PUBLIC QUADRANTS: Increasingly attractive, as most of the risks are already priced in

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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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