Tue Jun 22 PDT (4 months ago)
In your timezone (EDT): Tue Jun 22 1:00pm - Tue Jun 22 2:00pm
The economic and policy responses to the COVID-19 pandemic have created a unique set of opportunities for U.S. commercial real estate investors. While strong economic growth is expected for the second half of the year, many real estate assets remain priced below long-term trend values, offering the potential for above average appreciation as the economy recovers. As part of that recovery, inflation may also be on the rise, a development likely to support values in asset classes that serve as effective hedges, real estate chief among them. With interest rates near all-time lows, investors may also have the opportunity to lock in attractive income returns for the long term, potentially reducing overall volatility and risk. There are multiple avenues to access these opportunities, including existing acquisitions, value-add activity, and ground-up development, but each comes with a different set of considerations. In this , we will address the attractiveness of these approaches in the context of our outlook for the U.S. real estate market and will introduce the thinking behind a blended approach that can potentially offer superior risk-adjusted returns in the core-plus spectrum.
Senior Editor, Institutional Real Estate, Americas, IREI
Head of Real Estate Research & Strategy, MetLife Investment Management
Portfolio Manager, Real Estate Equity, MetLife Investment Management
• MetLife Investment Management