Where Are the Real Estate Opportunities in 2026?

Commercial real estate has had a tough stretch. As interest rates rose quickly starting in 2022, transactions slowed, pricing became harder to pin down and many investors put new equity commitments on pause while the market worked through a reset. 

In this episode of The Wealth Enterprise Briefing, Michael Zeuner and Deputy CIO Matt Farrell discuss what drove that slowdown, why the opportunity set has leaned toward private real estate debt and what an inflationary growth backdrop could mean for real estate's role within a real asset allocation. Their view is that conditions may be improving, but results will depend on being selective by strategy, property type and geography.

They discuss: 

• Why rising rates froze transaction volume, pushing the opportunity set toward private real estate debt
• What an inflationary growth backdrop could mean for real estate's role going forward
• Why selectivity matters more now, by asset, strategy and region 
• How multifamily conditions differ across markets as new supply works through the system
• Where opportunistic approaches may find openings, including parts of office at the right price

For families considering new commitments, the conversation is a reminder that real estate may be re-entering the opportunity set, but broad allocations are less likely to do the job than disciplined manager selection and targeted exposures. 

If you'd like to talk through where private real estate debt or selective real estate equity may fit in your plan, please contact us.

Important Information:

The Wealth Enterprise Briefing contains our current opinions and commentary, which are subject to change without notice. The Briefing is distributed for informational and educational purposes only and does not consider the specific investment objective, financial situation or particular needs of any recipient. Information contained herein has been obtained from sources we believe to be reliable, but we do not guarantee its completeness or accuracy. The information in the Briefing is not a recommendation of any security, and should not be relied upon as investment, legal or tax advice. Please consult with your investment, legal and tax advisors regarding any implications of the information presented in this presentation.