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Capitalizing on shifts in commercial real estate with Rich Hill of Cohen & Steers
Description
Rich Hill, SVP and Head of Real Estate Strategy and Research at Cohen & Steers, joins the show. With more than 23 years of experience in commercial real estate, Rich has cultivated a strong appreciation for approaching the market with a strategic, data-driven mindset, utilizing research and alternative data to identify valuable investments, especially in a shifting landscape.
Rich discusses the generational opportunity to acquire private real estate as valuations fall, the stabilizing of transaction volumes and the evolving role of debt markets. He also underlines the importance of diversifying portfolios with public and private investments and shares his perspective on rising distress as a bullish signal for market entry.
Key Takeaways:
(01:49) Rich Hill’s background and career journey.
(05:38) Rich’s current role and responsibilities at Cohen & Steers.
(08:48) Takeaways from transitioning from sell-side to buy-side.
(12:00) The Cohen & Steers difference.
(14:24) View of the current macro landscape.
(17:17) Capital markets and lending conditions.
(20:05) CRE risk within the US banking space.
(23:06) The outlook on private credit.
(25:05) The role of CRE in investment portfolios.
(27:55) Public versus private investment.
(31:05) Themes that Rich is paying attention to.
(35:24) Takeaways from second-quarter earnings calls.
(38:18) Distress and opportunity.
(39:48) The role of research in CRE Investment.
(42:09) The future of AI in CRE research.
(44:12) Final thoughts and industry wishes.
Resources Mentioned:
https://www.linkedin.com/in/richard-hill-2156387/
https://www.linkedin.com/company/cohen-&-steers/
Cohen & Steers | Website -
https://www.cohenandsteers.com/
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