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SPONSORED: CBRE Investment Management — The real estate secondaries market is growing rapidly
OCTOBER 31, 2023

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SPONSORED: CBRE Investment Management — The real estate secondaries market is growing rapidly

by Jennifer Babcock

The real estate secondaries market is expanding, and with a transaction volume of $50 billion to $100 billion, it may be too big an opportunity for investors to ignore, according to a Q&A with CBRE Investment Management’s Real Estate Partners strategy team leaders published in the November issues of Institutional Real Estate Americas, Institutional Real Estate Europe and Institutional Real Estate Asia Pacific. This estimated secondary market size includes transactions across property sectors and the risk spectrum.

“As investors at all points in the capital stack grapple with the impacts of higher interest rates and an uncertain macro-outlook, asset values have begun repricing,” says Kilian Toms, fund manager and managing director of CBRE Investment Management’s Real Estate Partners strategy. “This has led to a broader impact on their portfolios, which has created a pool of motivated sellers.”

“When the market turns, as we h

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