goREAL 2021

Stefan Teague of Cushman & Wakefield engages Jonathan Pearce of Ivanhoé Cambridge (a global real estate leader with C$64 billion in AUM) and Jonathan Olynick of Manulife Investment Management (with 63 million square feet of space in 26 cities worldwide) over issues top of mind for investors in office and industrial sectors. Speakers assess the level of activity across their portfolios during the pandemic, outlining tenant relationship strategies, rent collection as well as flexibility with leasing terms aligning market realities with tenant needs. The panel delves into fundamentals to assess COVID-19 impact on vacancy and rent growth levels. Speakers dissect demographic/socio-economic trends and their implications for office demand (CBD vs suburban markets), footprint, on-site amenities. Switching to industrial, the experts examine the bull run for this asset class, identify challenges and approaches to scaling, and confirm growing appetite for supply-chain critical assets. The speakers also reflect on their acquisition strategies and assess investment opportunities in North America.

Student housing investment activity has been on the rise with significant amounts of institutional capital flowing into the asset class. We have invited top-tier U.S. investors to share insights into their strategies during the pandemic, to explain how the crises affected their portfolios and the markets, and what steps investors are taking to soften the impact of recession. The panelists reflect on the fundamentals, key industry trends and temporary shifts challenging the “recession resilient” reputation of the asset class as they reveal nuances and data pointing to sustained strong performance of the sector. Are we in a buyer’s market? How has COVID-19 impacted development and national supply pipeline? What changes and opportunities should investors anticipate with the new administration and as mass vaccination gets underway? Where will demand for student housing come from, and how are equity investors viewing the asset class?

Characterized by creditworthy tenants with predictable needs, expensive capital projects and long-term investment horizons, healthcare real estate remains an attractive sector with a relatively stable market drawing investor interest and institutional capital. To assess the state of healthcare real estate, we have convened industry veterans from New York, Dallas, and Atlanta to share their expert views and experiences spanning investments, capital markets, operations, construction nationally. Moderated by Jay Johnson, Managing Director and National Practice Leader, JLL Healthcare, the panel – joined by Darryl E. Freling Co-Founder and Managing Principal, MedProperties Realty Advisors, LLC. and Philip J. Camp, Managing Director, Hammond Hanlon Camp LLC. – kicks off with an overview of the sector, its distinct [recession-resistant] attributes, performance vis-à-vis other real estate asset classes, untangling some of the complexities underpinning healthcare delivery business models and their implications for investment activity. The discussion focuses on demand drivers, subsectors in healthcare real estate, investment competition, deals, property operations, occupancy rates, rents, tenant profiles, the increasing role of technology (e.g. telehealth) as well as Covid-19 impact and overall investment outlook.