Our latest perspectives
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U.S. Commercial Real Estate Is Inexpensive Relative to U.S. Equities
November 11, 2025
Executive SummaryBased on Q3 2025 cross‑asset comparisons, we believe U.S. CRE appears inexpensive relative to major U.S. equity indices, creating a potential attractive entry point as fundamentals firm and financial conditions ease. CRE…
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2025 Workforce and Affordable Housing Impact Report
November 10, 2025
Our annual 2025 Workforce and Affordable Housing Impact Report, highlighting the impacts and achievements of our strategy. Read the 2025…Read More about 2025 Workforce and Affordable Housing Impact Report
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The Great Reshuffling to the Sunbelt: Not Just a Flash in the Pan
November 4, 2025
Executive SummaryPull factors continue to steer people and employers toward the Sunbelt, and we believe momentum will persist for many…Read More about The Great Reshuffling to the Sunbelt: Not Just a Flash in the Pan
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Residential Rental Demand Sustained by the Persistent Unaffordability of Homeownership
October 23, 2025
Executive SummaryHigher buying costs and fewer affordable options are keeping would‑be buyers in rentals. We believe multifamily occupancy rates could…Read More about Residential Rental Demand Sustained by the Persistent Unaffordability of Homeownership
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U.S. E-Commerce Is a Durable Driver of Logistics Demand
October 16, 2025
Executive SummaryOnline sales are outpacing stores, and we believe demographics and sticky consumer behavioral shifts are durable tailwinds that will…Read More about U.S. E-Commerce Is a Durable Driver of Logistics Demand
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Momentum Is Building for U.S. Manufacturing
October 9, 2025
Executive SummaryU.S. reindustrialization is moving from promise to build‑out. Our review of more than 600 factory announcements over the past…Read More about Momentum Is Building for U.S. Manufacturing
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The Inflection Point for U.S. Multifamily Markets
September 30, 2025
Executive Summary U.S. multifamily is moving steadily to an expansion phase of the cycle. Our analysis of the 50 largest…Read More about The Inflection Point for U.S. Multifamily Markets
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Ahead of the FOMC: Can the Fed Justify a Cut Under Its Dual Mandate?
September 15, 2025
Executive Summary What Is the Fed’s Dual Mandate “The Federal Reserve works to promote a strong U.S. economy. Specifically, Congress…Read More about Ahead of the FOMC: Can the Fed Justify a Cut Under Its Dual Mandate?
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Alternatives Education
September 2, 2025
Our educational resources provide insights into alternative investments and our strategies. Access our alternatives educational resources here.Read More about Alternatives Education
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2025 Midyear outlook
July 25, 2025
Our midyear theme, Finding Clarity through the Clouds, reflects the beginning of a new upcycle of US commercial real estate,…Read More about 2025 Midyear outlook
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Residential Rental Sector Spotlight
April 30, 2025
Current market valuations at the start of a new cycle present a compelling entry point. Read the Residential Rental Market…Read More about Residential Rental Sector Spotlight
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The weekly note
April 17, 2025
This Week’s Developments in the US Economy The Potential Impacts of Tariffs on Multifamily Portfolios Recent US tariff policies are…Read More about The weekly note
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The weekly note
April 7, 2025
This Week’s Developments in the US Economy Navigating Market Volatility: Why Private Real Estate Offers Stability Amid Public Market Turbulence…Read More about The weekly note
