Real estate trades now seem to reflect higher interest rates and certain negative factors in general economies. Trading volume is still muted. It may take several years to resolve the pervasive issue of overleverage caused by steep value declines. Lender forbearance, work-out and loan restructuring negotiations and foreclosures take time. Conditions are ripe for a potentially extraordinary vintage period for non-core investing via recapitalizations, GP-led secondaries and distress sales.

Speaker Bio:

Justin Thibault, CFA, is a member of the real estate team and focuses on various investment and portfolio management activities. Prior to StepStone, Mr. Thibault was a consultant at Courtland Partners, Ltd., an international real estate advisory firm which integrated with StepStone Real Estate. Previously, Mr. Thibault was employed with Charles Schwab & Co., Inc. as a senior consultant, where he provided an array of portfolio management and investment services to the firm’s high-net-worth clientele. Mr. Thibault received a BS from Indiana University and is a CFA charterholder.