A deep dive into secondary investment vehicles | The Weekly Take

[Click here.]( to view with images. To ensure delivery to your inbox, please add [CBRE Group Inc.](mailto:Capitalmarkets@cbrecommunications.com) to your address book. S5 E32 New Slang: A deep dive into secondary investment vehicles “I think the secondaries landscape has changed pretty dramatically over the last 15 years. [Back then], it was really just a financial transaction where you were putting a big blanket discount on a large book of LP secondary positions, whereas today it's really about underwriting the real estate at an asset level.” Achal Gandhi Chief Investment Officer – Indirect Real Estate Strategies CBRE Investment Management [email audio player]( [apple]( [spotify]( [spotify]( Secondary transactions—sometimes called indirect investing—are on the rise as a way to acquire real estate. Evercore’s Jarrett Vitulli and CBRE Investment Management’s Achal Gandhi discuss how these investment vehicles can boost returns at lower risk. [FIND OUT MORE ON THE WEEKLY TAKE]( Explore More CBRE Content Subscribe to our newsletter, [Our Take]( Explore all of our latest Insights & Research at [cbre.com]( Get the content most relevant to you Spend just two minutes updating your preferences in [CBRE's new content preference center]( so that you receive the information that matters most to you. [Manage Your Preferences]( [cbre.com/theweeklytake]( This email was sent by: CBRE Group Inc. 2100 McKinney Ave Suite 700 Dallas, TX, 75201, US [Unsubscribe From This List]( You may also unsubscribe by calling toll-free +1 877 CBRE 330 (+1 877 227 3330). Please consider the environment before printing this email. CBRE respects your privacy. A copy of our [Privacy Policy]( is available online. For California Residents, our California Privacy Notices is available [here](. If you have questions or concerns about our compliance with this policy, please email [PrivacyAdministrator@cbre.com](mailto:privacyadministrator@cbre.com). © Copyright 2023. All rights reserved. This report has been prepared in good faith, based on CBRE’s current anecdotal and evidence based views of the commercial real estate market. Although CBRE believes its views reflect market conditions on the date of this presentation, they are subject to significant uncertainties and contingencies, many of which are beyond CBRE’s control. In addition, many of CBRE’s views are opinion and/or projections based on CBRE’s subjective analyses of current market circumstances. Other firms may have different opinions, projections and analyses, and actual market conditions in the future may cause CBRE’s current views to later be incorrect. CBRE has no obligation to update its views herein if its opinions, projections, analyses or market circumstances later change. Nothing in this report should be construed as an indicator of the future performance of CBRE’s securities or of the performance of any other company’s securities. You should not purchase or sell securities—of CBRE or any other company—based on the views herein. CBRE disclaims all liability for securities purchased or sold based on information herein, and by viewing this report, you waive all claims against CBRE as well as against CBRE’s affiliates, officers, directors, employees, agents, advisers and representatives arising out of the accuracy, completeness, adequacy or your use of the information herein. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners. Update Profile: [Preference Center](