Portfolio restructuring: How investors can handle the poor asset performance, lack of liquidity and higher borrowing costs that have altered the balance
Transactions in once-reliable sectors such as office have slowed to a crawl, faced with a structural shift in use, and many assets have not performed as predicted in a world of higher borrowing costs. So, investors are faced with a quandary: hold on to underwhelming fund positions or physical assets, with returns eaten away by rising interest rates, or sell when values, rents and deal flow are down.