Don't expect soaring growth in 2020, but don't expect economic turmoil either. Investment activity in 2020 will look a lot like it did in 2019, as the mature market continues to persist. Industrial and multifamily will continue to be the asset classes of choice in the coming year, with similar fundamentals driving investment activity and decisions. Denver-based Black Creek Group, which just closed a phenomenal year, has already started the year strong and is planning for a comparable year.

"We are optimistic going into 2020 and believe that our activity will be similar to what we experienced in 2019. We have already experienced an exceptional start to 2020, as on January 8th, we closed on the sale of our wholly owned real estate assets from our investment platform, Industrial Property Trust (IPT), to affiliates of Prologis for approximately $4 billion," Raj Dhanda, CEO of Black Creek Group, tells GlobeSt.com. "The close of this transaction marks the seventh time Black Creek Group has brought one of its investment platforms full-cycle and we are proud of the positive outcome our investors received from this sale."

While Black Creek focuses on industrial and multifamily, it invests across asset classes. Overall, it expects demand growth in 2020. "We continue to see strong demand for commercial real estate across all the sectors we invest in—industrial, multifamily, office and retail—and we have tailored each of our strategies to be in line with what consumers need as ultimately they are driving this demand," says Dhanda.