Executive summary

A sector-level read of U.S. private real estate, grounded in the current cycle: an opportunistic window opened by the Fed's dovish pivot and the lag in cap rates, with residential demand underpinned by a structural housing deficit.

Highlights

01Opportunistic window from the dovish pivot
02Cap rate lag versus falling rates
03Structural U.S. housing deficit
04Sector selection: multifamily, hospitality, industrial, BTR
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Published by Ativore Asset Management