Brandon Short, Executive Director and Portfolio Manager for PGIM Real Estate, joined Julie Cooling, Founder and CEO of RIA Channel, to discuss the current opportunities in the real estate markets.
Brandon Short is an NFL player-turned-investment banker who has transitioned his career into real estate portfolio management. Short sees buying opportunities in real estate, as the market has bottomed and is now entering a recovery phase. Many commercial properties are now priced below replacement cost.
The housing market continues to have a supply shortage in the face of strong demand, especially from millennial buyers in suburban markets. PGIM diversifies its residential real estate holdings across single and multi-family properties at different price points in both urban and suburban markets.
Private real estate investments offer stable cash flows with low return volatility and a hedge to inflation. Short sees slower growth in real estate at current rate levels, with accelerating growth when the Fed eases monetary policy.
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