Investors are finding underwriting office demand a challenge in the current environment. But once social distancing subsides that should change, according to James Jacobs, head of real estate for Lazard’s private capital advisory group.
Private real estate’s institutional investors are ready to engage with opportunistic strategies, and deals in the hospitality sector are an early target, writes James Jacobs, head of real estate for Lazard’s private capital advisory group.
The early years of the recovery following the global financial crisis saw investors embrace sector-specific funds to the greatest extent relative to their sector-agnostic peers. But that trend was short-lived and has not returned.