Real estate financiers are coping with a slowdown in deal activity and a challenging market by doubling down on existing portfolios, but they remain open to opportunities in fast growing sectors such as data centers.
This is according to panelists in a session titled Trends in US Real Estate and Capital Markets at the MIPIM international property event in Cannes March 15th.
"There's definitely a more limited universe of assets that we would be excited about investing in. Transaction volumes are very low and deal volume is very slow, so we're focused on maximizing value for our investors in our existing portfolio and managing our position to make sure we can weather whatever is ahead of us over the course of the next 18-20 months," said Michael Lascher, senior managing director at Blackstone.
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