Guest Writer

Investors once paid less for markets with few owners. That discount has all but vanished, just as capital crowds into the most concentrated sectors, say Omar Eltorai, senior director of research, and Alexander Jaffe, regional lead of valuation advisory, at Altus Group.

AI's appetite for electricity is forcing investors and developers to rethink how data centers grow, with renewable energy moving from the sidelines to the heart of operations, writes Elisabeth Jeffries.

What is a data center worth when technology changes faster than the buildings housing it?

Durable demand supports sector growth, but widening dispersion is placing a premium on market selection, disciplined underwriting and experienced operators, says Mike Gordon, global CIO – real estate at Harrison Street Asset Management.

Much of the institutional investment community is wary of defense tenancies, but in Europe they are not automatically incompatible with ESG frameworks, writes Tobias Kassner, head of research at GARBE Industrial.

Investors demand substantially more compensation for taking liquidity risk in office markets than they do in industrial, writes Tom Leahy, head of EMEA real assets research at MSCI.

Investor appetite for prime assets is intensifying, but a stubborn bid-ask gap is challenging the notion that scarcity alone will command a premium, writes JC Russell.

The cost of waiting to future-proof real estate assets is rising as core and core-plus investors weigh energy-efficient retrofits against the risk of future obsolescence, writes Elisabeth Jeffries.

Redemption queues have reset investor expectations around real estate’s liquidity illusion, but managers say the case for open-end core remains intact, writes Giovanni Legorano.

Institutional investors are increasingly focused on sectors that require active management, according to James Jacobs, head of real assets for Lazard’s private capital advisory group.