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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.
