Podcast: Insights and Trends from the 2024 NCREIF Conference on Real Estate

The Alternative Edge

In this episode of Weaver: Beyond the Numbers, The Alternative Edge, Audit Partner Jeremy Winkler is joined by Selina McUmber, managing director of Valuation Services, to discuss major themes from the 2024 National Council of Real Estate Investment Fiduciaries (NCREIF) conference. They explore the significance of NCREIF’s Open End Diversified Core Equity (ODCE) Index, discuss the global geopolitical factors influencing the real estate investment landscape and analyze asset class trends like multifamily housing, student housing and open-ended debt funds.

Key Points:

• The ODCE Index serves as a stable benchmark for U.S. real estate, highlighting trends across major asset classes.
• The global economic climate and elections are pivotal factors, with a potential impact on real estate values and transaction volume in the U.S.
• Residential and industrial asset classes remain dominant, while senior and student housing gain momentum due to demographic shifts.

Selina and Jeremy also unpack regional market insights, noting how supply constraints in areas like the Midwest lead to higher rent growth, while oversupply in markets like Texas and the Sunbelt has a cooling effect on rents.

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