Today’s real estate opportunity set is being shaped by dislocation, inefficiency and shifting capital flows rather than broad market momentum. In an exclusive interview with IREI, Travis King, CEO of REALM, discusses how the middle market continues to offer some of the most compelling opportunities because it remains less institutionalized and more fragmented, while sectors such as office are creating selective entry points as pricing disconnects emerge. He also believes family offices are increasing their exposure to real estate as they seek durable, income-generating assets in an uncertain macroeconomic environment, with relationship-driven investing and disciplined underwriting becoming increasingly important in separating temporary market disruption from long-term impairment.
Why does the middle market continue to present attractive opportunities amid shifting capital dynamics?
The middle market represents the largest segment of the investment la