Thirty days past the 2023 mid-year point finds market dynamics continuing to build upon the first half of the year. While we near the end of tightening monetary policy, uncertainty remains regarding a pending recession (or soft landing) and the speed at which the private real estate valuations might finally correct and catch up to their public market counterparts.
In this follow-up paper, we examine the predictions made for the REIT market at the beginning of the year, and share our forecast for the remainder of 2023. Our conclusion suggests that the delay in market movement has only intensified the conditions that are positioning the REIT market for future success once the Fed ends its tightening cycle.
