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Following a trip to the Middle East, Berkadia’s Noam Franklin expects investors in the region to be interested but highly selective on US real estate opportunities this year.

The former Apollo senior executive has left the Swiss investment group less than a year after he joined in April last year.

With the enforcement of CSRD directive in Europe this year, it will only get harder to lease real estate that is environmentally obsolete, says ICAWOOD’s Laurence Desmazieres.

The US retail availability rate is set to drop by 20 basis points in 2024 and finish the year at 4.6%, according to a CBRE report.

The country’s investors have deployed $7.46bn into overseas real estate year to date, more than triple the outbound volume in 2021.

Changing market conditions will make it easier to meet IRR thresholds and get transactions done, says Colliers research director Aaron Jodka.

Delayed sale and recap processes are expected to be launched early next year, says Mark Allnutt, executive director, Europe, at Greystar.

Private real estate executives have mixed views on the impact of expected rate movements on investment activity next year.

The London-based manager is seeking €1bn for the successor to its €250m Metropolitan Fund, dedicated to special situations logistics real estate investments.

While Saunders was the only key man in its Asia funds, MacDonald and Ju will become the co-managers for its existing and upcoming funds.