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Let’s Stay Together: Growth capital and secondary investing
Season 7
Episode 3
Published 3 months ago
Description
Secondary investments and recapitalizations help investors find opportunity in uncertain markets. Brookfield’s Chris Reilly and CBRE's Matt White break down what returns to expect, why disciplined leverage matters and how strong operators are winning right now.
· Secondary investing lets investors buy into real estate deals midstream, with the benefit of first seeing real performance data.
· Recapitalizations are increasing as billions of real estate debt is coming due and owners need fresh capital.
· Keeping debt levels around 60% or less helps investors weather market downturns.
· Brookfield targets 12%–14% net returns in its value-add funds.
· Hands-on operating expertise matters more than financial engineering.