Real Estate Investing Late in the Cycle: Opportunities, Risks, and Threats
Overview
Douglas Poutasse, Head of Strategy and Research, Bentall Kennedy (U.S.) LP
Investing late in the cycle in any asset class is a challenge, but investing in real estate has additional risks. Commercial real estate investors face disruption from e-commerce, work force automation, and co-working trends, among many others. Broader macroeconomic, capital market, and policy risks must be understood to successfully invest in property. Looking back over the last century through the prism of other famous and infamous “Niner” years (1919, 1929, 1969, 1989, 2009 to name a few), this presentation will attempt to use history to suggest some major opportunities available to investors while providing insight into potential major threats.