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Uncertainty linked to the pandemic and other macro forces is driving an increase in secondaries transaction volume, writes Stephanie Baxter
Historically, real estate has performed well when prices rise, but the pandemic era raises unique questions and challenges.
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Funds targeting the sector are seeking nearly 50% more capital than they did a year ago, even though sales fell in 2020 from the previous year.
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The pandemic has made investors embrace virtual communications and rethink their sector strategies to navigate the crisis.
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Prashant Tewari, partner and member of the investment committee at the Cleveland-based firm, says prime office is a top priority despite sector uncertainty.
A deal has been struck but it is hard to see the impact with so much going on in the world of logistics with the pandemic.