Buy land, they’re not making it anymore. – Mark Twain

A key issue for investors today is how life will be different on the other side of this pandemic. Real estate, particularly office and retail, is especially in focus as investors expect work-from-home and online shopping trends accelerated shifts that would have taken years to achieve otherwise. Though noting that retail weakness could be offset by industrial real estate, e-commerce boosts the demand for warehouse space across the country.

The path forward for office real estate is less clear as select companies commit to long-term work-from-home arrangements, while others are starting to call employees back. It seems likely that some in-person work will remain an essential aspect of future work arrangements, and a move to less dense office could also help support occupancy levels.

Considering alternative ways to gain exposure to real estate, let’s look instead at a servicer. CBRE