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Taconic Capital Closes on its Third Real Estate Fund, with Focus on Distressed Assets

Investcorp Says Pandemic Underscores Divergence in Property Type Performance

A number of key themes have influenced the divergence in property type performance during COVID-19, including shifting demographics, Investcorp says in a market update report on North America real estate. “The pandemic’s shock to the real estate sector made increasingly clear what we at Investcorp have considered for a long time – not all property types are created equal,” said Herbert Myers, New York-based co-head of real estate North America.

“As COVID-19 quickly accelerated, many industry trends we had previously anticipated including growth of e-commerce, remote work, and decreased travel due to improved technology, came to fruition,” he continued. “We have now seen the industry reassess its exposure to certain asset classes.”

Michael O’Brien, co-head of real estate, North America, said, “Investcorp’s early recognition of resilient property types – primarily industrial and multifamily – has allowed us to operate from a position of strength throughout the pandemic.”
Pictured: Investcorp offices at 280 Park Ave.


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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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