REITs also are poised to ride out the broader economic recovery even as some fears about inflation have arisen.

The firm is offering HK$5 in cash for each share of the Chinese office development firm.

For years, international investors spent the most on the office sector. But that has now changed, especially with the long-term outlook for offices remaining uncertain.

“The COVID-19 pandemic created an even more compelling environment for real estate debt,” says one industry participant.

“A cocktail of ingredients is sending house prices to unprecedented levels worldwide,” writes economist Niraj Shah.

Rallies in AMC and GameStop’s stocks have captured the public’s attention, but credit markets have been moved, too.