U.S. investors are leaning into domestic opportunities at a time when foreign capital is retreating, according to Elizabeth Bell, co-head of real estate at Hamilton Lane, in a recent interview with IREI. The pullback from international players is largely driven by policy, tax and macroeconomic uncertainties rather than concerns about U.S. real estate fundamentals. Bell sees this period of volatility reshaping the competitive landscape in favor of investors and managers with strong on-the-ground capabilities and the scale to execute with precision.
What gives U.S. players confidence to lean in where foreign investors are pulling back?
First, to address our views on the pullback in foreign capital, we believe this is mostly due to policy, tax and macroeconomic uncertainties rather than lack of confidence in the underlying U.S. real estate fundamentals.
Second, as it relates to confidence in deploying capital in U.S. real estate today, giv
