Unlocking Alternatives: Investing Beyond the Major CRE Asset Type

ALTERNATIVES VS MAJOR ASSET TYPES While representing a fraction of overall transaction volume, alternatives that are either resilient or benefit from changing work and demographic trends are positioned well for growth

Sectors scored from -2 (strong underperform) to +2 (strong outperform) – sized by H1 2023 transaction volume Changing Prospects for Growth

2

Peaked

Remaining Strong

Industrial - Warehouse

Life Sciences Student Housing

SFR / BTR

Apartment - Garden

1.5

Senior Housing Data Center

Manufactured Housing

Self Storage

1

Industrial - Flex

Cold Storage

Healthcare

0.5

Apartment - Highrise

Ag / Resource

Hotel & Resorts

0

-0.5

Office - CBD

Office - Suburban

Retail - Shops

Retail - Centers

-1

-1.5

12-Month Previous Performance Lagging

Improving

-2

-2

-1.5

-1

-0.5

0

0.5

1

1.5

2

12-Month Future Performance Outlook

Source: Through Q2 2023, RCA, CoStar, Preqin, Cushman & Wakefield Research

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