Investors face a Catch-22 with fund extensions
An increasingly common decision for limited partners has potentially painful consequences for both themselves and the overall market.
Expert analysis by Evelyn Lee
The private real estate industry remains stuck in a more than decade-long trough for both fundraising and transaction activity.
Global investment volume fell by approximately 18 percent year-on-year in Q1 2024, marking a 12-year low, according to commercial real estate broker Savills.
Meanwhile, only $19.8 billion was raised during the first quarter of 2024, the lowest Q1 fundraising total since 2011...