» The Rumors of CRE’s Demise Have Been Greatly Exaggerated

In our latest paper, we examine the widening gap between prevailing economic sentiment and what the hard numbers actually show. Growth has remained above trend, inflation is easing toward target, debt markets are functioning again, and U.S. commercial real estate (“CRE”) transaction volume rose 22% in 2025. Despite geopolitical challenges and other crosscurrents, the U.S. economy has been and continues to be full steam ahead, outperforming virtually all other developed economies. Simultaneously, real assets in the U.S. are the cheapest they’ve been relative to financial instruments in nearly 100 years. Against a backdrop of negative headlines, particularly overseas, we believe this perception gap may represent one of the more compelling entry points we’ve seen in years.

Download the Paper Here