Is the long-awaited recovery finally on the horizon? A recent roundtable of top institutional practitioners hosted by Altus Group suggests a definitive shift in the private real estate market. After years of navigating valuation declines and liquidity constraints, industry leaders have reached a consensus: valuations have stabilized. While we shouldn’t expect a ‘hockey stick’ rebound, the path forward looks like a steady, gradual recovery. Investors aren’t abandoning the asset class; instead, they are rotating capital toward specialized sectors like data centers and student housing, prioritizing ‘core plus’ strategies over broad market plays. With secondary market discounts narrowing and transaction activity accelerating, the mood among major players has shifted from defensive to opportunistic. For those watching the GTA market, this institutional confidence is a critical indicator of broader trends. To dive deeper into these insights and the changing landscape of capital deployment, read the full report at Altus Group.
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