U.S. interest rates, post-pandemic, impacted commercial real estate by resetting property values by 30 percent to 40 percent. Despite this disruption, Bernstein Private Wealth Management saw it as an investment opportunity, according to a Family Wealth Report article.
“U.S. commercial real estate is high on our list. The disruption that has occurred as a direct result of the rate spike, made worse by the short-lived but longer-healing regional bank crisis, has reset values across all property types by 30 per cent to 40 per cent, in our opinion,” said Alex Chaloff, CIO of Bernstein Private Wealth Management, in the article. “We think the real estate sector’s fundamental story is finally approaching an inflection point. We are investing in long-dated, private-equity-like structures that are more opportunistic/value-add, str