Podcast | Intelligent Investment

Ready For It?: KKR on capital’s reviving interest in real estate

March 26, 2024 33 Minute Listen


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Real estate investment markets are stirring after an extended pause, and capital may be ready to come off the sidelines. KKR’s Roger Morales and CBRE’s Kevin Aussef share insights on what assets, strategies and markets stand to benefit from an expected pick up in activity later this year.

Ready For It?: KKR on capital’s reviving interest in real estate

March 26, 2024 33 Minute Listen

Ready For It?: KKR on capital’s reviving interest in real estate

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Unique insights on what matters most today in commercial real estate.

Key Takeaways:

  1. There is growing optimism in the market.

  2. Quality assets are drawing investor interest, but lesser-quality assets are being avoided, particularly in secondary and tertiary markets.

  3. Debt and equity capital availability is increasing.

  4. Investors should focus on buying high-quality assets at fair prices rather than lesser-quality assets at deeply discounted prices.


Photo of Roger Morales

Roger Morales

Partner, Head of Commercial Real Estate Acquisitions, KKR

Roger Morales (New York) joined KKR in 2011 as part of the founding team that formed KKR’s Real Estate Platform. He is the Head of Commercial Real Estate Acquisitions and is jointly responsible for all aspects of the business including acquisitions, portfolio management and fundraising. He sits on KKR’s Real Estate Equity Investment Committee, Credit Investment Committee and Portfolio Management Committee in the Americas. Prior to joining KKR, Mr. Morales worked with Eton Park Capital Management and with Vornado Realty Trust where he focused on real estate and real estate related investment opportunities.

Photo of Kevin Aussef

Kevin Aussef

Americas President of Investment Properties, CBRE

As Americas President of Investment Properties, Kevin Aussef oversees institutional and private capital activities, including CBRE’s verticals – Office, Hotels, Industrial & Logistics, Multifamily and Retail – as well as many of the firm’s specialty practice groups. Previously, Kevin led the operations of CBRE’s global Capital Markets business, comprised of Property Sales, Debt & Structured Finance, and Capital Advisors—the firm’s investment banking division. He supported the Capital Markets leadership team and platform in the execution of strategic initiatives, while driving best practices and ensuring alignment and efficiencies across CBRE’s Americas, Asia Pacific, and Europe, Middle East, and Africa (EMEA) regions.


Photo of Spencer Levy

Spencer Levy

Global Client Strategist & Senior Economic Advisor, CBRE

Spencer Levy is Global Client Strategist and Senior Economic Advisor for CBRE, the largest commercial real estate services firm in the world. In this role, he focuses on client engagement and public-facing activities, including thought leadership work performed in conjunction with CBRE Research. He also serves as Co-Chair of the Real Estate Roundtable’s Research Committee.


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