Episode 76 – Real Estate Investing Trends with Rich Hill

Real estate valuations have dropped 20-30%, marking the third significant correction in several decades. This isn’t just market noise; it’s a critical investment insight. 

Bob DiMeo and Devon Francis interview Rich Hill, head of real estate strategy and research at Cohen & Steers, about the current landscape of real estate investing. They discuss the impact of interest rates, the role of real estate in a diversified investment portfolio, and the potential opportunities and risks in different sectors of the real estate market today. Rich also shares his insights on anticipated changes in interest rates, trends in the real estate sector, and common misconceptions about real estate investing.

You’ll discover/learn:

• How does commercial real estate act as a diversifier in a portfolio and provide a stable stream of income for endowments and foundations?
• What does recent performance of listed REITs indicate about the future of the real estate market?
• What opportunities exist in next-generation property types like data centers, cell towers, seniors housing, and single-family rentals despite challenges in the office and multifamily sectors?
• How could anticipated changes in interest rates, particularly real rates, impact real estate returns?
• And more!

Resources: Email the Stewards | Fiducient Advisors | Bob DiMeo | Devon Francis | Richard Hill | Cohen and Steers | Insights by Fiducient Advisors (Research, Blogs, Podcasts)

About Our Guest:

Rich Hill, Senior Vice President, is Head of Real Estate Strategy & Research, responsible for identifying allocation opportunities in both listed and private real estate and related thematic and strategic research. Prior to joining the firm in 2022, Mr. Hill was a managing director and Head of Commercial Real Estate Research at Morgan Stanley, where he was responsible for public REIT equity research, CRE debt strategy and macro property research. Previously, he was a director at RBS Securities and a vice president at Bank of America Corporation. Mr. Hill has a BS from Georgetown University and is based in New York.