The State of Real Estate: Is the Run Over?

April 30, 2015

Core real estate investments have done well over the past several years, with the benchmark NFI-ODCE returning 12.5% in 2014, its fifth consecutive yearly gain since the real estate recovery began in 2010. Investors may be wondering if this run can continue, or if it is time to pull back on their allocations to real estate. In this newsletter, we address these questions by examining critical drivers of the real estate market, such as performance, valuation, leverage, debt profiles, income, and capital flows.

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