While it’s too early to fully understand the full effects of the Covid-19 pandemic and what the recovery will look like, it’s clear that some industries have been hit much harder than others. Real estate, one of the hardest-hit industries during the last economic slowdown, looks poised to endure yet another massive shift, for property owners large and small. Many tenants missed or skipped rent payments during the throes of the pandemic, while many more are rethinking their physical footprints — from retailers to financial services giants — putting pressure on real estate investors and strategic property owners alike.
As the industry adjusts to new normals given an economic slowdown, new social distancing mandates from many states and shifting appetites from renters, what does dealmaking in the real estate industry look like in the coming months and years? Are large real estate owners such as retailers, mall operators and office park operators going to be forced to monetize assets? What is the path to recovery for the commercial real estate industry? How are owners de-risking their portfolios or repositioning for a post-Covid world? Will dealmaking see an uptick in portfolio reshuffling, asset swaps and sales, or will M&A in commercial real estate slow as the economy recovers? Are there opportunities for private equity in real estate?
As part of the Corporate Capital Markets group and with more than 25 years of commercial real estate experience, Maureen Kelly Cooper is a vital team member during the development of strategy and execution of significant and complex real estate transactions.
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In September 2022, the deals and dealmakers shaping the Deal Economy will be celebrated in the latest installment of The Deal Awards. In line with its mission of providing forward-looking intelligence across mergers and acquisitions, private equity, activism and restructuring, the Awards seek to recognize and celebrate the advisers, firms and banks driving the market forward.