While the private real estate markets have been slow to adapt pricing to reflect higher interest rates and a more uncertain economic climate, publicly-traded REITs offer both discounts and a historic record of outperforming during recessions. Some...
Real estate debt funds are targeting all types of strategies, but are becoming particularly active on construction financing, an area where the pullback from banks has been more severe.
Some of the bigger players are still making deals. But the majority are waiting for market dislocation to work itself out so they can take advantage of the resulting bargains.