Higher interest rates, asset repricing and tighter capital markets are reshaping institutional investment strategy, driving a shift away from traditional core allocations and toward more opportunistic investments. Doug Faron, managing partner of Westlight Capital, addresses how return expectations and portfolio construction have changed, where investors are finding opportunity, what challenges come with moving further out on the risk spectrum, and whether core could regain favor as markets stabilize.
Westlight Capital is a private real estate investment and development firm founded by Faron, specializing in acquiring, developing, and operating residential properties, particularly multifamily assets. The
