The Weekly Take from CBRE Roll with the Changes: Finding value in today's real estate investment market with AEW
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Jul 14, 2025 Mike Byrne, Chief Investment Officer at AEW Capital Management, and Tom Traynor, Vice Chairman at CBRE, dive into today's real estate investment climate. They discuss how investors can mitigate risks and seize opportunities amidst geopolitical shifts and economic changes. The conversation highlights the rising interest in high-quality office assets and the improving landscape for debt capital. They also emphasize the importance of technology and AI in investment strategies, advocating for flexibility in adapting to local market demands.
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Cyclical Market Demands Discernment
- Real estate market cycles demand investor adaptability and a discerning approach to capital deployment.
- Investors must focus on the best assets carefully priced relative to cost of capital, avoiding overpaying for "priced to perfection" assets.
Robust Debt Market Recovery
- Debt markets have improved significantly with banks and debt funds actively lending across all asset classes.
- Today’s debt capital is readily available and cost-efficient, benefiting lenders and borrowers alike.
Debt Funds Evolve and Expand
- Debt funds have transformed from opportunistic lenders to competitive, reliable capital providers.
- They now offer fixed-rate loans competing with traditional life insurance companies, expanding lending options.