With non-traded REIT sponsors continuing to deploy the significant capital raised and long-term investors recapitalizing existing funds through continuation vehicles in high-demand sectors experiencing favorable supply, PwC believes the strong performance thus far in 2022 should continue the rest of the year.
Furthermore, it said, continued consolidation in the listed REIT industry – given the growing importance of scale, growth and capital considerations – will further buoy key sectors.
More opportunities should emerge "given current levels of replacement cost, financing maturities and equity market valuations. These trends are contingent on the absence of any significant deterioration in financing markets."
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