With the sector facing headwinds, HNWI enthusiasm for commercial real estate has dampened and what type of investments they prefer has shifted, according to WMRE exclusive research.
Investment sales in the sector have been impacted by the same volatile forces as other commercial real estate assets, but potential long-term returns remain attractive.
A lot of pressure to move quickly on potential acquisitions has subsided amid higher interest rates and more concerns about property values holding up.
While the private real estate markets have been slow to adapt pricing to reflect higher interest rates and a more uncertain economic climate, publicly-traded REITs offer both discounts and a historic record of outperforming during recessions. Some...