Value add investing has evolved through many different business cycles over the last two decades. While buying low, ‘fixing’, and selling high has remained the broad strategy, each period of market dislocation has brought new layers of complexity – and with it, reward, for those with the tools to unlock real estate value. In today’s market, the spectrum of potential opportunities is widening, with new sectors moving into the scope of institutions. But not everything is cheap. What could this mean for higher-return-seeking investors in the post-pandemic era?
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