Real estate secondaries and liquidity in private real estate. Thesis Driven reports on LP-led secondary sales and how buyers price a seasoned portfolio, GP-led deals and continuation funds as a strategic tool rather than a distress signal, discounts to net asset value, evergreen and semi-liquid fund structures, and the wealth-channel distribution being built to reach individual investors.
The carry trade is dead, and capital is moving to whoever can manufacture cash flow. Takeaways from a day with more than 250 investors and operators in emerging real estate.
