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Marc Zahr, co-president of Blue Owl Capital and global head of real assets, sees investors gravitating towards scale, downside protection and long-term leases amid data center volatility and market uncertainty.

Hospitality market volatility is creating opportunity as the global recovery remains uneven, say Ascendant Capital Partners’ founder and chief executive Russell Gimelstob and co-founder and chief investment officer Alex Halpern.

The region’s relative stability in an era of turmoil could draw in capital as the property market recovers. Participants in PERE’s Europe roundtable consider whether it can seize the moment.

Power, scale and capital are reshaping investment decisions, say Devin Chen, head of private equity portfolio management, and Casey Miller and Ian Curry of Principal Asset Management.

Sachin Doshi, founder, chairman and CEO of Weave Living, says investors are backing vertically integrated rental housing platforms across the region as the sector absorbs larger pools of capital and investors seek scalable, specialist capabilities.

Stephen Gaitanos, founder and joint CEO of The Living Company, says despite market volatility, investors are prioritizing integrated platforms that combine capital, operations and branding.

Matt Casper and Michael Stark, partners and co-heads of PJT Park Hill’s real estate group, say thematic strategies and uniquely seeded offerings attracted global capital in a difficult fundraising environment.

Chris Green, founder and CEO of GreenPoint Partners, says that as transport, energy transition and digital infrastructure mature, investors are backing strategies aimed at building scale.

Steven Orbuch, founder and president of Sculptor Real Estate, says in a volatile market, investors are increasingly favoring diversified strategies with durable cashflow and lower correlation over traditional open-end funds.

Wes Fuller, chief investment officer at Greystar, points to narrowing bid-ask spreads and improving liquidity as early signs of a global recovery.