In a recent appearance on Bloomberg Radio, RXR Chairman and CEO Scott Rechler shared his perspective on the commercial real estate industry’s journey through what he refers to as the “five stages of grief.” Rechler discussed how the industry has reached the stage of acceptance: interest rates aren’t dropping, and values will not bounce back. The industry now faces a day of reckoning, presenting challenges and opportunities.
At RXR, we believe the best time to start investing is before the “all clear” signal is given. We are on the cusp of a once-in-a-generation investment environment. However, this isn’t the moment for large macro bets; it’s a time to be very strategic and selective—in other words, a “stock picker’s” market. Success in such markets isn’t just about having capital—it’s about having the expertise and capabilities to navigate complexities and create value.
