Rising Rates Pressure Property Values as REIT M&A Deals Pick Up
Rising interest rates are impacting property values while REIT mergers and acquisitions increase. The industrial, multifamily, and office sectors are expected to lead real estate capital flows, with AI driving growth in data center transactions.
The multifamily, industrial and office sectors are likely to set this year's pace for global real estate capital flows while AI fuels the surge in data center transaction volume. Rick Romano, Global Head of Real Estate Securities at PGIM breaks down his outlook for the market. (Source: Bloomberg)
READ NEXT
More on the wire
AI TLDR
Dennis Haskins, known for his role as the principal on the sitcom Saved by the Bell, has died at age 75.
AI TLDR
A surfer in California was rescued by a celebrity publicist after being smashed into rocks by a large wave. The rescuer, Benita Karo, intervened after seeing the man struggle in the water.
AI TLDR
Court documents reveal that a New York Times executive, who was fatally shot by his in-laws in a Bay Area parking lot, had previously threatened to kill his wife.