Episode 358: REITs Set to Benefit from Prior Repricing, Anticipated Pause in Rate Hikes

Jonathan Miniman, global portfolio manager and head of the Americas real estate securities research team at CBRE Investment Management, was a guest on the latest episode of the Nareit REIT Report.

During the interview, Miniman discussed: concerns impacting commercial real estate—including the banking crisis; potential opportunities for REITs in the months ahead; the role REITs can play in conjunction with private real estate; and the role that active managers can play for REIT investors.

Miniman said that the repricing of REITs that occurred last year, coupled with a likely near-term pausing in interest rate hikes, provide a “catalyst” for the asset class going forward.

“The listed market has taken a whole lot of the pain already,” Miniman said. He noted that in the past four historical interest rate increase cycles, listed REITs have started to gain ground about three months prior to the final increase.