We share insights from Altus Group’s Q2 2025 Investment and Transactions Quarterly report. From multifamily’s continued strength to industrial’s surprising slowdown, we explore the quarterly and annual changes in investment volume, pricing, and deal trends impacting CRE today. Tune in for data-backed takeaways to help you navigate your investment strategy across major markets and sectors.

Key Moments:

00:52 Overview of Q2 2025 Investments and Transactions Report

01:47 Investment Volume Highlights

03:11 Pricing Trends Analysis

04:44 Geographical Performance Insights

06:12 Property Sector Trends

07:51 Key Takeaways and Conclusions

Resources Mentioned:

Q2 2025 US CRE Investment and Transaction Quarterly report

• National transaction activity: https://www.altusgroup.com/featured-insights/cre-transactions/
• Pricing and pacing: https://www.altusgroup.com/featured-insights/cre-transactions/pricing-pacing/
• Property sectors: https://www.altusgroup.com/featured-insights/cre-transactions/property-sectors/

Email us: [email protected]

Thanks for listening to the “CRE Exchange” podcast, powered by Altus Group. If you enjoyed this episode, please leave a review to help get the word out about the show. And be sure to subscribe so you never miss another insightful conversation.

#CRE #CommercialRealEstate #Property

We’re deep into the Q2 2025 earnings season, and with most calls now behind us, it’s time to zoom out. In this episode, we recap key themes from REITs and explore takeaways from other players in CRE, including capital allocators, brokerages, and development firms. It’s a sector-spanning look at the market trends, investment signals, and opportunities influencing the second half of 2025.

Key Moments:

00:49 Q2 2025 earnings releases and general themes

01:31 Capital allocators: Banks vs. non-banks

08:37 Sector-specific insights: Retail, office, industrial, and multifamily

16:28 Niche sectors: Data centers, healthcare, hospitality, and self-storage

25:09 Brokerages and their holistic market views

28:32 Cross-sectional themes: Tariffs, build vs. buy, and consumer health

36:21 Overall sentiment and outlook for commercial real estate

38:06 Conclusion and upcoming reports

 

Resources Mentioned:

Email us: [email protected]

Thanks for listening to the “CRE Exchange” podcast, powered by Altus Group. If you enjoyed this episode, please leave a review to help get the word out about the show. And be sure to subscribe so you never miss another insightful conversation.

#CRE #CommercialRealEstate #Property

With Q2 earnings season at its midpoint, this episode offers a snapshot of how select REITs across industrial, office, residential, and retail sectors are performing and positioning. Hosts Omar Eltorai and Cole Perry highlight key takeaways from recent calls and early reporting trends. Stay tuned for our wrap-up episode once earnings season concludes, we’ll cover overarching themes across both property types and sector players.

Key Moments:

01:40 Industrial REIT highlights

14:25 Office REIT highlights

27:46 Multifamily REIT highlights

38:06 Retail REIT highlights

47:19 Next week's episode preview

Resources Mentioned:



Email us: [email protected]

Thanks for listening to the “CRE Exchange” podcast, powered by Altus Group. If you enjoyed this episode, please leave a review to help get the word out about the show. And be sure to subscribe so you never miss another insightful conversation.

#CRE #CommercialRealEstate #Property

Proptech is evolving, albeit at different speeds across sectors. KBW’s Ryan Tomasello joins our hosts, Omar Eltorai and Cole Perry, to explore how data access, market consolidation, and the drive toward vertical integration are shaping both residential and commercial real estate technology stacks. From digital mortgage platforms and MLS disruption to CRE’s fragmented data landscape, get an informed view at where real estate technology stands today, and where it’s headed.

Key Moments:

01:30 Overview of KBW and market perception

04:00 Trends in real estate technology

06:50 Mergers, acquisitions, and funding trends

08:45 Macro trends affecting real estate tech

17:29 Commercial real estate technology

25:28 The future of MLS and residential real estate

30:26 The rise and fall of iBuying

Resources Mentioned:

Ryan Tomasello: https://www.linkedin.com/in/ryantomasello/

KBW: https://www.kbw.com/

Email us: [email protected]

Thanks for listening to the “CRE Exchange” podcast, powered by Altus Group. If you enjoyed this episode, please leave a review to help get the word out about the show. And be sure to subscribe so you never miss another insightful conversation.

#CRE #CommercialRealEstate #Property

Despite elevated distress levels and refinancing risks, investor appetite for CMBS and CRE-CLOs remained strong through the first half of 2025. Andrew Foster, Senior Director of Business Development at KBRA, talks to us about what’s happening in the US CRE securitization market, and covers a wide range of topics from CMBS issuance trends to sector performance and the rise of private credit. For lenders and borrowers navigating today’s capital markets, Andrew offers practical insights into what’s changing, why it matters, and how to prepare for the quarters ahead.

Key Moments:

02:02 Understanding KBRA and Andrew's role

03:45 Current market trends and issuance

06:40 Investor appetite and market dynamics

08:41 Private capital and non-bank lending

10:52 Regulatory and policy changes

15:07 Future outlook and optimism in CRE finance

17:42 Data centers and AI in CRE financing

21:11 The importance of CMBS

22:31 Diversity in CRE leadership

23:23 Closing remarks and follow-up

Resources Mentioned:



Andrew Foster: https://www.linkedin.com/in/andrew-foster-cmbs/

KBRA: https://www.kbra.com/

Real Estate Issues: https://cre.org/real-estate-issues/

Email us: [email protected]

Thanks for listening to the “CRE Exchange” podcast, powered by Altus Group. If you enjoyed this episode, please leave a review to help get the word out about the show. And be sure to subscribe so you never miss another insightful conversation.

#CRE #CommercialRealEstate #Property

Ryan Severino, Chief Economist and Head of Research at BGO, discusses how data science is transforming commercial real estate investing. From outperforming rent growth projections in Las Vegas to forecasting macroeconomic shifts with machine learning, Severino takes us through the power and challenges of blending traditional insights with modern analytics. This is a must-listen for CRE professionals navigating today’s increasingly data-driven landscape.

Key Moments:

01:17 Ryan Severino's team and economic modeling

02:08 Data science in real estate forecasting

03:12 Impact of research on investment decisions

06:55 Challenges in aligning research with investments

08:55 Ryan's curiosity and approach to research

12:36 Current macroeconomic environment

17:08 CRE market predictions for 2025

20:52 Augmented base case model for US Economy

26:25 State of CRE markets

36:00 Teaching and mentoring the next generation

Resources Mentioned:



Ryan Severino: https://www.linkedin.com/in/ryan-severino-cfa-4409022/

The Chief Economist newsletter: https://www.linkedin.com/newsletters/the-chief-economist-7100087057724702720/

Email us: [email protected]

Thanks for listening to the “CRE Exchange” podcast, powered by Altus Group. If you enjoyed this episode, please leave a review to help get the word out about the show. And be sure to subscribe so you never miss another insightful conversation.

#CRE #CommercialRealEstate #Property

Key Moments:

00:50 Meet Dr. Philip English

04:29 Exploring CRE market liquidity

08:35 Key findings and insights

10:25 The importance of liquidity in CRE

12:28 Current market conditions and trends

14:12 The role of data in CRE research

22:03 Practical applications for investors

24:33 Evaluating portfolio manager performance

27:20 Understanding the research frontier

32:06 Liquidity and market investability

36:25 Future of CRE research and market structure

45:38 Challenges and opportunities in CRE data

Resources Mentioned:

Email us - [email protected]

Thanks for listening to the “CRE Exchange” podcast, powered by Altus Group. If you enjoyed this episode, please leave a review to help get the word out about the show. And be sure to subscribe so you never miss another insightful conversation.

#CRE #CommercialRealEstate #Property

We share the key macroeconomic signals and policy decisions affecting commercial real estate as we move into the second half of 2025. From declining retail sales and builder sentiment to insights from the latest FOMC meeting, we explore how economic headwinds are influencing CRE strategy, pricing gaps, and transaction volume.

Tune in for analysis on capital access, operational priorities, the evolving definition of real assets, and takeaways from the recent CREFC Annual Conference.

Key Moments:

01:16 Economic indicators: Retail sales

05:02 Economic indicators: Housing data

10:26 FOMC meeting highlights

14:26 Summary of Economic Projections

15:15 Major themes: Higher for longer

16:20 Major themes: Price vs. value

17:23 Major themes: Operations and cash flow

18:38 Major themes: Lumpy transactions

20:59 Major themes: Real asset merge

24:23 CREFC Annual Conference Insights

31:12 Upcoming Episodes and Data Releases

Resources Mentioned:

Advance retail sales: https://www.census.gov/retail/sales.html   

NAHB Housing Market Index: https://www.nahb.org/News-and-Economics/Housing-Economics/Indices/Housing-Market-Index   

FOMC Summary of Economic Projections: https://www.federalreserve.gov/monetarypolicy/fomcprojtabl20250618.htm   

CREFC Annual Conference 2025 – Key takeaways: https://www.altusgroup.com/insights/crefc-annual-conference-2025-key-takeaways/   

Email us - [email protected]

Thanks for listening to the “CRE Exchange” podcast, powered by Altus Group. If you enjoyed this episode, please leave a review to help get the word out about the show. And be sure to subscribe so you never miss another insightful conversation.

#CRE #CommercialRealEstate #Property



PwC’s Tim Bodner joins us to explore how commercial real estate firms are navigating today’s volatility and laying the groundwork for a long-term recovery. We discuss the move toward strategic consolidation, the rise of real assets as a unified investment class, and the technologies driving change in operations and asset selection. Tune in for an expert perspective on strategy, adaptability, and emerging opportunities in a new era of complexity.

Key Moments:

01:01 Tim Bodner's career

02:52 Industry involvement and roles

05:02 PwC's global real estate practice

09:50 Findings from PwC’s US Deals 2025 Midyear Outlook

20:43 Strategic consolidation in real estate

26:40 Office to residential conversions

30:05 Policy changes and their impact

33:27 Future Outlook and Technology Adoption

Resources Mentioned:



PwC: https://www.pwc.com/us

The Real Estate Roundtable: https://www.rer.org/

Real estate: US deals 2025 midyear outlook: https://www.pwc.com/us/en/industries/financial-services/library/asset-wealth-management-real-estate-deals-outlook.html

Emerging trends in real estate® 2025: https://www.pwc.com/us/en/industries/financial-services/asset-wealth-management/real-estate/emerging-trends-in-real-estate.html

Email us - [email protected]

Thanks for listening to the “CRE Exchange” podcast, powered by Altus Group. If you enjoyed this episode, please leave a review to help get the word out about the show. And be sure to subscribe so you never miss another insightful conversation.

#CRE #CommercialRealEstate #Property

Every quarter we take a close look at a sample of REIT earnings calls across key property sectors, including industrial, office, retail, multifamily, data centers, and healthcare. We drill into how each segment is performing in the face of macroeconomic pressures, emerging opportunities, and evolving investor expectations. Listen in to this episode to uncover where resilience is taking hold and what may lie ahead for commercial real estate.

Key Moments:

00:49 Q1 REIT Earnings Recap

01:53 Industrial REITs

14:09 Office REITs

26:23 Retail REITs

36:32 Multifamily REITs

45:59 Data center REITs

53:08 Healthcare REITs

56:19 Key Takeaways and Market Sentiment

Resources Mentioned:

Email us - [email protected]

Thanks for listening to the “CRE Exchange” podcast, powered by Altus Group. If you enjoyed this episode, please leave a review to help get the word out about the show. And be sure to subscribe so you never miss another insightful conversation.

#CRE #CommercialRealEstate #Property