SPONSORED: Principal Asset Management – On the verge of a new cycle

Multifamily and industrial are the sectors most likely to continue to have resilient performance in the new cycle, for investors who are ready to invest capital into the market in 2024, according to an interview with Vance Voss, managing director and portfolio manager, and Russ Beecher, managing director, from Principal Real Estate, the real estate investment team of Principal Asset Management, which was published in the April issues of Institutional Real Estate Americas and Institutional Real Estate Asia Pacific.

“My advice,” says Beecher, “is to be nimble and take advantage of where you are seeing the best relative value. … Specific to the multifamily sector, today we are seeing the opportunity to buy high-quality, multifamily assets at a discount to replacement value. That window will close quickly. So, investors need to be in a position to pivot and take advantage of development opportunities as they arise, given that the new supply pipeline is