Real Assets
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White papersStepping up a gear: Top 10 questions on real estate markets in 2026
2025 was a year of significant uncertainty, fueling recessionary fears and caution in investing. Global economic and geopolitical uncertainty led to market volatility. This year, we begin by reviewing the impact and how the real estate market is being affected.
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White papersU.S. Commercial Real Estate Chartbook January 2026
Investment activity has been gradually increasing since reaching a low point in 2023. Depressed levels are largely due to redemption queues in funds. For example, the ODCE queue peaked at 19% of NAV in 2023 and is currently at 12%.
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White papersFoundations for securing Australia’s net zero future
Australia stands at a critical juncture in its infrastructure journey. As the world grapples with climate change, shifting geopolitical realities, and rapid technological advancement, Australia’s infrastructure sector is uniquely positioned to lead. With a robust economy, abundant natural resources, and a mature investment environment, the nation offers compelling opportunities for both domestic and international investors.
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White papersThe structural deficit: Analysing the widening gap in global timber supply and demand
The traditional characterisation of timberland as a fringe or “alternative” asset class is increasingly difficult to sustain in the face of contemporary economic data.
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White papersPrivate markets demand can help to pave the long road to net zero
If allocating to private infrastructure stands to offer both ballast and buoyancy, then what’s behind this? In this article, IFM’s Andrea Mody looks at the global megatrends that are creating powerful tailwinds for the asset class, and driving interest in infrastructure among long-term investors.
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White papersUnlocking natural capital value
Institutional investors seeking resilient, future‑ready portfolios are turning to timberland and farmland—strategic assets that combine climate resilience, biodiversity, and long‑term value creation.
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White papersForests as a strategic investment
Wood is an important economic resource. Due to the growing middle class worldwide, there is increasing structural demand for wood. In this context, forests are becoming an attractive investment, ensuring long-term strategic access to wood in times of geopolitical uncertainty.
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White papersNordic timberland as a strategic investment
As timberland becomes a core component of institutional real asset portfolios, allocators increasingly face a relative choice: not whether to own forests, but which type of forest exposure best serves long-term capital
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White papers2026 Real Estate Market Outlook
The headwinds encountered for real estate investment over the last few years seem to be receding. Compared to the beginning of 2025, interest rates are lower, real estate liquidity is improving, the economy is growing, and new construction is decelerating materially.
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White papersCIM in Europe: Albert Yang on growth, innovation, and opportunity
CIM is an established US firm with a focus on private market investments mainly in the US. Headquartered in Los Angeles, it oversees c. $30bn in assets under management (as of December 31, 2025) with 9 offices globally and has over 30 years history of investing in real estate, infrastructure and private credit. The three founders have built a firm with their passion for development, operational expertise and remain active within the business.
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White papersContinued momentum: The outlook for European infrastructure debt
European infrastructure debt enters 2026 in a healthy position, with no shortage of demand for its diverse range of opportunities. Nonetheless, investors need to be alert to various risks and conduct thorough due diligence, argues Darryl Murphy.
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White papersThe Red Thread: Alternative alpha, Edition 2025/26
Our semi-annual insights into alternatives
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White papers2026 Real Estate Outlook: Navigating the real estate resurgence
After years of rising rates and valuation corrections, private real estate is poised for meaningful recovery. With values stabilizing and six consecutive quarters of positive total returns, strengthening fundamentals are creating compelling long-term opportunities. Discover our six investment themes for 2026 and where we see the most attractive opportunities across risk profiles and geographies.
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White papersCleared for Takeoff: A New Flight Path for Real Estate - 2026 Global Investment Outlook
After years of ongoing turbulence punctuated by repricing, interest rate fluctuations, and recalibrations, the global commercial real estate sector appears to have found a stable altitude—and is now primed to begin its next ascent.
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White papersEmbracing infrastructure opportunities: Infrastructure allocations gain momentum as investor interest grows
The rise in infrastructure assets under management (AuM) has been driven more by internal growth in unrealized value in recent years, as opposed to the growth in dry powder. Challenging fundraising conditions throughout 2023 and 2024, against a backdrop of a resurgent deal market, have seen dry power stocks fall 12% over 2024. While fundraising has more recently picked up, returning to a record pace in 1H25, longer-term growth in fundraising inflows is fundamentally a function of investor allocations.
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White papers2026 Market Outlook
Market Fundamentals and Capital Trends: 2025 Global growth at 3.2%, Korea at 1.0%. US tariff agreements, export strength, fiscal policy to support GDP growth upward revision.
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White papersDeconstructing IOS
Since the early 1990s, Realterm has been a pioneer investor in transportation logistics real estate, a subset of the industrial & logistics real estate sector that prominently includes many types of industrial outdoor storage (IOS) facilities.
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White papersLiquidity returning to Asia-Pacific real estate markets
With interest rates stabilizing and asset repricing creating new entry points, liquidity is returning to Asia-Pacific real estate. Nuveen Real Estate’s Louise Kavanagh and industry leaders discuss where they see the most compelling growth potential—from Japan’s multifamily and senior living sectors to opportunities in Korea and selective Chinese markets. Explore how rate normalization, trade policy shifts and evolving capital allocation trends are reshaping the regional landscape.
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White papersInsights from the Asia Pacific Real Estate Market
In this exclusive three-part series, we unpack the forces shaping the region’s investment landscape, from long-term performance and macro fundamentals to sector innovation and demographic shifts. Whether you’re navigating tactical plays or positioning for the next cycle, these insights offer a forward-looking lens into one of the world’s most dynamic real estate markets.
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White papersFarmland: The Red Thread – Alternatives Edition 2025/26
In an era marked by economic uncertainty, shifting global trade dynamics, and the search for resilient asset classes, US farmland is often viewed as an attractive investment consideration. With a market value estimated at over USD 2.2 trillion and more than two million farms across the US, farmland represents a large and relatively underexplored asset class.
