Less than a year ago, the global investment community was gearing up for higher interest rates and even recession: after all, the cycle was nearing maturity. Today, we find ourselves in a different scenario as dovish central banks rein in their ambitions for rate rises and economic growth expectations start to ease, yet capital remains as abundant as ever.

In this world, the attractions of a real estate yield remain compelling, but investors must adopt strategies that reflect this extension to the cycle. That is what we set out to address
within this edition of Active Capital. To do so, we have expanded our content and coverage, drawing heavily on our experiences from across our global network.

This report represents highlights and summaries of this research, with the full range of topics, articles and case studies.