Bluerock's MacDonald says 'uniquely boring' private real estate is value-priced now
About this episode
Ryan MacDonald discusses the current value pricing of private real estate amidst market concerns.
Ryan MacDonald, Portfolio Manager for the Bluerock Private Real Estate Fund , says that in a world teeming with market worries and broad geopolitical concerns, private real estate is "uniquely boring, in a good way." He says the market has taken its pain over the last three years through interest rate changes and the market cycle, but now values have receded creating a solid entry point. MacDonald, who also serves as chief investment officer at Bluerock , says that "Entry point is the single biggest driver of future value for private real estate returns," and he notes that on an inflation-adjusted basis, the market is now approaching valuation levels "not seen since the depths of the 2008 financial crisis."
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