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PERE US Roundtable: Adam Berns, US CIO
Interest rates may be close to peaking, and wider economic indicators are healthy, but real estate market activity remains muted, say participants in PERE’s US roundtable.
“With interest rates close to peaking, we hear more optimism about capital commitments in 2024,” says Adam Berns, US Chief Investment Officer at GLP Capital Partners (“GCP”) who participated in the roundtable. “At some point the transaction market will pick up and current funds will probably be a pretty attractive vintage.” In the meantime, most investor demand is for opportunistic and value-add strategies.