The debt markets are forcing a reset in much of commercial real estate and concerns about rising costs have investors rethinking strategy, according to a panel discussion "Capital Flows in Uncertain Times" on Tuesday at the ULI Spring Conference in San Diego.
Cia Buckley Marakovits, president & CIO, Dune Real Estate Partners, led a fast-paced chat with Kavindi Wickremage, managing director, Bain Capital; and Amy Price, managing partner, co-head of US, BentallGreenOak.
The group said today's economic environment is "episodic" with Marakovits saying, "this pause in real estate is a resetting, not a crash. During the past year, the real estate industry may have over-shot itself. Real estate is a bit painful right now, but it corrects. That's how it takes care of itself."
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