The chapter discusses the investment opportunities in the year 2024 and the expectations of it being a transitional year. It covers various topics including office market struggles, upcoming maturities, bank exposure to troubled commercial real estate loans, and the speaker's interest in cold storage and data centers. It also mentions distress in San Francisco with a foreclosure bid on apartment units.
Heading into 2024, rate cuts are the silver lining on everyone’s mind. Still, Ron Dickerman, founder and president of private equity firm Madison International Realty, sees 2024 as a “transitional year.” As capital cautiously comes off the sidelines, Dickerman talks opportunity in the wall of maturities and which asset classes he’s eyeing. Hint: Cold storage is on the come-up