2026 Global Real Estate Views​

A COMPELLING VINTAGE:​ FINDING VALUE EARLY IN THE CYCLE

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A new cycle is underway, and real estate offers an attractive combination of cash flow generated by resilient, basic needs-driven demand and growth potential. 

GLOBAL KEY TAKEAWAYS

CAPITALIZE ON

UPSIDE POTENTIAL​

After a big value reset, 2026 is set to be a strong investment vintage in this cycle, via basic needs investing for everyday life or targeting market momentum.

TAKE A

FOCUSED APPROACH​

Be selective about where to deploy capital as gaps between winners and losers widen.

Diversify TO

MANAGE RISK

Diversifying by region, sector, and capital type builds a resilient portfolio.

A Compelling Vintage: Finding Value Early in the Cycle

2026 Investment Opportunity

Variations in such factors as the exposure to global risks, cyclical dynamics, the degree of institutional participation, and exit liquidity mean that the opportunity set differs across sectors and geographies. While the opportunity set is broad early in the cycle, investors need to remain focused on the parts of the market that can deliver resilient returns and are conducive to value creation, such as real estate for Everyday Life and Investing Into Cyclical Momentum.

Everyday Life

Real estate investment opportunities that lean into the resilience of basic needs demand, comprised predominantly of strategies focused on delivering the living space and critical urban infrastructure that households need for everyday life.

Market Momentum

Real estate investment opportunities that lean into the resilience of basic needs demand, comprised predominantly of strategies focused on delivering the living space and critical urban infrastructure that households need for everyday life.

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Market Momentum

Despite elevated global risks, liquidity is improving and there are significant opportunities related to the anticipated upward momentum of cyclical valuations, supporting strategies targeting leasing growth, capex deployment, and capital stack restructuring.

Market Momentum

Real estate investment opportunities that lean into the resilience of basic needs demand, comprised predominantly of strategies focused on delivering the living space and critical urban infrastructure that households need for everyday life.

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