All REIM articles
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White papersU.S. CRE Cycle Monitor: 2Q26 – Recovery Intact
In our mid-year 2026 Global CRE Outlook, we argued that the CRE cycle remains intact despite geopolitical volatility and shifting macro crosscurrents. Our five-signal marketer barometer, that we introduced in May 2026, suggests that the conditions for a sustained momentum remain in place in 2Q26. No single signal is sufficient on its own, but their alignment and sequencing make a compelling case for the direction of commercial real estate.
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White papersAlts Alpha: Seeking out higher returns
The global real estate investment landscape is undergoing a significant transition. Following an extended period of ultra‑low interest rates, higher financing costs and more attractive fixed income yields have reshaped the risk‑return dynamics facing investors. In this environment, generating higher returns from real estate increasingly requires a selective, flexible and opportunity‑driven approach.
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Asset Manager NewsSosteneo signs agreement to acquire a wind repowering portfolio in Germany
The transaction marks its entry into the German market and Fund II’s inaugural investment
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InterviewInterview with Michael Bütter and Karim Esch
Interview with Michael Bütter, Chairman of the Management Board, and Karim Esch, Chief Investment Officer and Member of the Management Board of Union Investment Real Estate GmbH
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White papersWhat a 5% 10-year Treasury means for commercial real estate
As the 10-year Treasury pushes toward 4.75% for the first time since January 2025, investors are asking what it means for U.S. commercial real estate (CRE). Importantly, the reason rates are rising matters as much as the level. What began as an orderly move in real rates and term premium is now giving way to something less benign - rising inflation expectations and a bond market that’s testing the Fed’s resolve. A 10-year yield near 5% raises the bar for CRE, but it sharpens our thesis rather than breaks it: net operating income (NOI) growth and selectivity are what will likely separate winners from the rest.
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White papersCutting through the noise: Why lower and core middle market direct lending still delivers value in clients’ portfolios
Private credit has become one of the most discussed corners of institutional investing — and one of the most misunderstood. Daily headlines about troubled borrowers, struggling business development companies (BDCs), redemption pressure, and concentrated software exposure have created the impression of a market under stress. But beneath the noise, the lower and core middle market direct lending segment that has historically powered investor outcomes is performing well, behaving as designed, and, in our view, is about to deliver one of its most attractive vintages in years.
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Research ReportESG Annual Report 2026
Welcome to our eighth annual Environmental, Social and Governance (ESG) Report, covering the 12-month period to March 2026.
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People NewsDeA Capital Real Estate appoints Emiliano Ranati as new CEO and Managing Director
DeA Capital Real Estate announces that it has appointed Emiliano Ranati as the manager to lead the asset management company. Ranati has twenty years’ experience in the finance and real estate sectors, as well as in the organisation and management of human resources, gained in complex and institutional settings.
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White papersEurope’s Electrification Action Plan is a Call to Private Capital
The European Commission’s new Electrification Action Plan is more than another climate policy. It is a long-term investment roadmap that gives private capital greater confidence to finance Europe’s next generation of clean energy and electrification enabling infrastructure.
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White papersFrom invention to investment: The case for UK venture capital
Britain is one of the world’s great originators of ideas, yet too many of its most promising companies have had to look abroad for the capital to grow. Institutional investors have a rare chance to fund the next stage of that growth story and capture compelling long-run return streams.
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White papers2Q26 U.S. Transaction Volumes Rise +14% YoY
Real Capital Analytics’ newest data shows U.S. commercial real estate transaction volumes increased in 2Q26, with headline volumes rising +14% YoY to $136.6bn. This represents the ninth consecutive quarter of rising YoY transaction volumes and may help to alleviate concerns of a slowdown given an uncertain macro backdrop.
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Asset Manager NewsAchmea Real Estate purchases over 500 homes on behalf of PME Pensioenfonds as part of the SoZa project in The Hague
On behalf of PME Pensioenfonds, Achmea Real Estate has purchased 517 homes and approximately 1,580 m² of commercial and community space in the SoZa project in The Hague from property developer and builder VORM. The homes are part of the redevelopment of the former Ministry of Social Affairs site on Anna van Hannoverstraat. A new urban district will be built there, comprising nearly 1,200 homes, offices and amenities.
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White papersA quantitative framework for estimating CRE cycles
The commercial real estate market is at or near a cyclical trough and transitioning into an early-cycle recovery phase, and history says what comes next is long and durable.
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White papersShifts, myths and monoliths: A clearer view on private debt
Private debt has come under increased scrutiny in recent months. But attention has focused on a relatively small corner of a vast and varied asset class. Here, we set out some of the biggest myths surrounding private debt and explain why the evidence does not support them.
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VideoSearching for Gold: Capital Preservation in the Next Phase of Private Credit
A few years ago, CRE borrowers had limited options. Today, liquidity has returned, price discovery is real, and both borrowers and lenders have a much broader range of opportunities. In this short clip, Justin Pinckney, CFA, Head of Private Debt at AEW, shares what defines a healthy CRE capital markets ...
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VideoHow Geopolitical Shocks are Reshaping Conviction Across APAC Real Estate
A new set of crosscurrents is reshaping near-term deployment into Asia Pacific real estate. Yet, structural demand in key sectors and broadly constrained supply continue to underpin longer-term conviction.
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White papersEssential Housing Research Perspective Q1 2026
The essential housing sector posted positive, albeit modest, performance in the first quarter of 2026.
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White papersThe Search for Growth
The U.S. economy approaches midyear facing an old-fashioned potential macroeconomic spoiler: an energy price shock.
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