PLDGP - Blackstone Calls Real Estate A 'Generational Opportunity'

2024-03-11 07:15:00 ET

Summary

• Real estate is out of favor.
• But Blackstone expects things to change in the near term.
• REITs could present a generational opportunity as they recover.
• We highlight two of our Top Picks to profit.

Co-produced by Austin Rogers

Right now, the prevailing consensus in the market seems to be that commercial real estate ("CRE") and the publicly traded real estate investment trusts ("REITs") ( VNQ ) that own it are permanently impaired. Property values are falling, and high interest rates have made CRE business models unviable.

That's the narrative.

But as is so often the case, this popular narrative takes a kernel of truth and blows it out of proportion into huge misconceptions....

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