Economist Jay Parsons: What housing data shows about renters, supply and policy trade-offs

by Andrea Zander

Housing affordability in the United States has become increasingly segmented, particularly for households that do not qualify for a mortgage but are seeking single-family living. In an interview with IREI, Jay Parsons discusses the contraction of single-family rental supply, demographic shifts among renters, and the role these homes play in access to neighborhoods, schools and economic opportunity. It comes amid renewed scrutiny of the single-family rental sector following calls by Donald Trump to restrict institutional ownership, as new national data highlights potential implications for renters and housing policy.

CenterSquare announces new $50m co-investment vehicle with global investment and wealth management firm ESAS

by Released

CenterSquare Investment Management has closed a new $50 million co-investment vehicle with global investment and wealth management firm ESAS that will focus on investments in CenterSquare’s Essential Service Industrial (ESI) strategy, a niche within small-bay industrial.

King Street Capital Management’s Paul Brennan on finding opportunity in Europe’s repricing

by Andrea Zander

After several years of repricing, European real estate is no longer defined by historical benchmarks or headline cap rates, but by whether assets can sustain their capital structures and generate durable cash flow in a higher-rate, lower-growth environment. Price dispersion across sectors and markets is at or near record levels, creating a landscape where broad averages offer little insight and outcomes are increasingly determined at the asset level. In an IREI interview, Paul Brennan, a partner and co-head of Real Estate at King Street Capital Management, explains why today’s opportunity set lies in situations where high-quality assets face refinancing pressure despite resilient fundamentals, and how a focus on all-in basis, downside coverage, and structural seniority is shaping a more defensive, income-oriented approach to capturing asymmetric, risk-adjusted returns across European hospitality, student housing, and other supply-constrained sectors.

Health care is moving into empty retail boxes

by Andrea Zander

The post-retail environment has reshaped the opportunity set for health care real estate. As retail vacancy has increased, health care providers have gained access to well-located spaces with strong parking, visibility and ease of access — qualities that are increasingly central to patient care and operations. A pricing gap between medical office and net-lease retail has created a compelling investment opportunity in health care real estate. Daniel Eisenstadt, founder and CEO of Terramed Real Estate Solutions, in an interview with IREI, says the trend toward better-equipped, conveniently located, single-tenant health care facilities will grow, reflecting how people live today and their demand for accessibility and expanded hours. At the same time, persistent shortages of doctors, veterinarians, nurses and technicians are shaping real estate decisions, as clinicians increasingly seek environments that allow them to deliver care at the highest level. Older, retrofitted office buildings are often less attractive to in-demand health care workers, accelerating the shift toward modern, purpose-built, or well-converted spaces. Together, evolving patient expectations and workforce constraints are pushing the market toward high-quality, thoughtfully designed health care facilities.