Is there a real estate opportunity hiding beneath a “fine” economy?
Sonali Basak, Chief Investment Strategist at iCapital, speaks with Al Rabil, CEO of Kayne Anderson, about why today’s real estate market may be far more dislocated than it appears.
While the broader economy looks stable, Rabil explains how rapid rate hikes and peak-era pricing created a meaningful reset across real estate. He argues that the opportunity exists in part because investors are not acting. Many remain anchored to recent losses, even as valuations adjust and fundamentals begin to shift.
The conversation also explores the structural forces shaping the market, including strong demographic demand and a sharp decline in new supply across key sectors.
Rabil’s core view is that this is not a broad market recovery. It is a more selective environment where operational expertise, disciplined underwriting, and execution are increasingly defining outcomes.
