The Weekly Take from CBRE The Room Where It Happens: Inside Real Assets Investment Strategy
Nov 17, 2025
In this engaging discussion, Adam Gallistel, Co-CEO and CIO of CBRE Investment Management, shares his expertise on navigating the current real assets landscape. He emphasizes the need for operational excellence over mere market hope, highlighting the potential in niche sectors like data centers and student housing. Gallistel identifies Europe as an attractive market for growth and shares insights on overlooked U.S. Midwest markets. He also discusses the importance of infrastructure and the rise of retail capital, offering a fresh perspective on investment strategies amidst evolving dynamics.
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Don't Bet On Cap‑Rate Compression
- Do not rely on cap-rate compression as a return strategy because "hope is not a strategy."
- Focus on driving income growth and superior asset selection through operational expertise.
Alternatives Improve Portfolio Diversification
- Alternatives often deliver income drivers that are uncorrelated with GDP growth.
- That non-correlation makes them valuable diversifiers alongside living, industrial, retail, and office.
Europe Offers Relative Value And Opportunity
- Europe currently offers compelling relative value and growth compared with the U.S.
- Being a bigger fish in a smaller pond creates more value opportunities for investors.