How real estate investors react to changes to the asset class caused by the pandemic and recession will depend on what the portfolio is designed to do for their overall portfolios, industry experts say.
A great deal depends on a variety of factors, including property type and strategy, said Taylor Mammen, Los Angeles-based senior managing director at real estate consulting firm RCLCO Real Estate Advisors.
"Multifamily and industrial and niche sectors that benefit from the digital economy are absolutely in vogue and for good, rational reasons," he said.
What happens to office properties in a post-pandemic world is the "million-dollar question," said Indraneel Karlekar, global head of research and strategy at Principal Real Estate Investors, which manages $78.6 billion in real estate assets.