The outlook for real estate investments, both private and public, has shifted quite a bit over the past three years, largely due to the impact of the pandemic, the actions taken to combat it, and its lasting effect on people's lifestyle choices. As we emerged from the pandemic, real estate faced a new series of challenges as higher interest rates, bank failures and a more limited availability of credit has given rise to increased investor skepticism and images of empty office buildings. Accordingly, real estate strategies should be evaluated not only on what has changed, but on how changing needs will contribute to future real estate demand and which managers are most adept at navigating future, more dynamic real estate cycles...
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