Day 2- June 25, 2026
• Interest rate trajectories, inflation expectations, and geopolitical hotspots impacting CRE.
• How macroeconomic shifts are influencing investor sentiment and underwriting assumptions.
• Capital flows: reallocations across regions, asset classes, and risk categories.
• Scenarios for monetary stabilization or renewed volatility and implications for valuations.
• Data-driven forecasting models: what they signal for 2026–2028 performance cycles.
• LP pacing plans, re-up trends, and how denominator effects are influencing commitments.
• Shifts in fund strategy: core-plus resurgence? Value-add pause? Opportunistic niche plays?
• Fund structuring: co-invest rights, continuation vehicles, SMAs, evergreen approaches.
• How large-scale platforms evaluate sector rotation opportunities.
• Fee pressure and alignment: what LPs are demanding in 2026.
• Performance divergence between trophy Class A and commodity B/C inventory.
• Office-to-residential conversion economics and feasibility barriers.
• Tenant amenity demand: wellness, sustainability, hybrid-work design.
• Current lender sentiment on office refinancing and acquisition loans.
• How certain markets show surprising leasing strength — and why.
• Power availability, land scarcity, and utility interconnection as gating constraints.
• AI-driven demand for high‑density facilities vs. traditional enterprise DR/storage needs.
• Capital intensity: cost structure, pre‑leasing, hyperscale negotiations.
• Technology obsolescence risk and underwriting long-term infrastructure viability.
• Edge, regional, and hyperscale differences and their investment profiles.
• Demand/supply imbalances across major markets.
• Sub-asset analysis: garden, wrap, urban core, workforce, micro.
• Policy headwinds: rent control, affordability mandates, incentives.
• Operational efficiencies and tech-enabled rent management.
• Capital markets sentiment and underwriting trends.
• Current loan terms: spreads, leverage, DSCR, IO periods, covenants.
• Where banks are participating vs. pulling back — and the rise of private credit.
• Creative capital stack solutions for refinancings and recapitalizations.
• Which asset types still finance “cleanly” vs. those requiring heavy structure.
• Real examples of recently closed transactions and why they succeeded.
• LP diligence priorities for emerging managers vs. large established platforms.
• Structuring considerations: fees, promote waterfalls, GP commitment sizing.
• The role of co-investments and anchor LPs in achieving first close.
• Governance expectations: reporting maturity, compliance, audit infrastructure.
• Fund themes attracting capital: niche strategy, debt funds, sector-focused vehicles.
• Most active capital stack tranches in 2026 (stretch senior, pref, mezz, rescue).
• Price discovery and valuation resets driving refinancing structures.
• How sponsors balance dilution vs. leverage in today’s environment.
• Asset-type sensitivities to debt availability and pricing.
• Example capital stacks from deals closed in 2024–26.
• Choosing the right structure for investor tax efficiency and operational complexity.
• Cost segregation, 1031 exchanges, 721 UPREIT contributions, and self-directed IRA capital.
• Use cases for Qualified Opportunity Zone strategies in 2026.
• Tax messaging in fundraising: risk considerations, compliance, investor communication.
• Balancing tax planning with liquidity needs and reporting requirements.
• Identifying truly durable cash-flowing assets in uncertain macro conditions.
• Underwriting long-term holds amid wide bid-ask spreads and cap rate ambiguity.
• Managing insurance cost volatility within stabilized portfolios.
• Evaluating niche sectors: RV parks, manufactured housing, medical office, storage.
• LP preferences: income vs. appreciation, hold periods, and liquidity expectations.
• Entity structuring and use of feeders, blockers, and co-invest vehicles.
• Increasingly complex tax, audit, and regulatory environments.
• Building scalable reporting processes (automation, dashboards, ESG).
• Managing investor expectations: frequency, transparency, standardization.
• Tech stack design: CRM, investor portals, accounting systems, workflow.
• Underwriting challenges and cost escalations in development.
• Adaptive reuse strategies: best candidates, risks, timeframes.
• ESG and regulatory pressures affecting project viability.
• Market-level demand indicators guiding strategy selection.
• Recent successful case studies for each approach.
• Oversupply issues by region and submarket.
• Demand drivers: reshoring, manufacturing, 3PL growth, cold storage.
• Financing appetite for different industrial subtypes.
• Market winners and losers in 2026.
• Duration of the industrial growth cycle and risks ahead.
• LP secondaries pricing trends and liquidity windows.
• When continuation funds make sense for GP and LP alignment.
• Structuring GP‑stakes deals and governance considerations.
• Liquidity solutions for LPs with pacing issues or denominator effects.
• Key regulatory and tax considerations in recapitalizations.
• Promote structures that balance risk and reward.
• Governance: approval rights, control provisions, exit mechanics.
• Co‑GP economics and capital expectations in 2026.
• LP co-invest appetite and required reporting/controls.
• Partnership case studies (successful and failed) and takeaways.
• Federal tax changes most impactful to CRE investors in 2026.
• Cost segregation, 100% bonus depreciation phase‑outs, and planning around recapture.
• Messaging tax efficiency to sophisticated vs. retail investor pools.
• Cross-border tax considerations for foreign LP allocations.
• Case studies where tax strategy enhanced net investor returns.
• AI tools accelerating underwriting and scenario modeling.
• Data governance: consistency, quality, auditability.
• How automation reduces underwriting cycle times and staffing needs.
• ESG data and reporting: tech-enabled compliance.
• Frameworks for evaluating and upgrading tech stacks.
• Experiential concepts driving consumer engagement and leasing demand.
• Blending physical and digital: tech-enabled omnichannel retail.
• Repositioning strategies for underperforming malls and power centers.
• Tenant credit quality, lease structures, and risk management.
• Last‑mile logistics impact on retail site selection and performance.
• Evaluating business plans: feasibility, rent assumptions, capex, risk.
• Optimal exit path: recapitalization vs. sale vs. JV.
• Investor red flags in underwriting and structure.
• Partnership structures that improve deal viability.
• Lessons from live investor feedback.
• 2026 portfolio construction: which asset types are attractive/avoided.
• Yield vs. appreciation priorities and shifts in target returns.
• Co-investment expectations and governance requirements.
• ESG and reporting burdens influencing LP decisions.
• Geography and sector preferences emerging among LPs.
• What loan types debt funds are most competitive on in 2026.
• Pricing, structure, and leverage trends across capital markets.
• Competition with banks and private credit lenders.
• Credit quality issues: maturing loans, transitional assets, capex-heavy business plans.
• LP appetite for debt strategies and fundraising traction.
• Market dynamics across Sun Belt, Midwest, Southeast.
• Operational best practices: maintenance centralization & smart home tech.
• Investor appetite for scattered-site SFR vs. purpose-built BTR.
• Land availability, zoning constraints and their impact on pipeline.
• Portfolio exit strategies for 2026–2028.
• Sector-by-sector cap rate forecasts: multifamily, industrial, office, retail, hospitality.
• Managing bid‑ask spread and transaction timing.
• Recap vs. sale considerations in today’s market.
• Underwriting NOI during volatile occupancy and rent environments.
• Lessons from 2024–2025 disposition activity.