Real Assets: Real estate, infrastructure, and farmland

Where are the long-term opportunities in these three markets?

Investors are turning toward real assets for a number of advantages, including the potential for high returns, increased diversification, and lower overall risk. Explore the latest thought leadership on real estate, infrastructure, and farmland below.

Real estate

Key Themes for 2025: Riding the Real Estate Recovery (Nuveen)

The painful reset of private real estate seems to be in the rearview mirror, and investors should expect 2025 to be a good vintage for real estate investment.

Dynamics Between Housing and Stock Markets(Journal of Real Estate Research)

Historically, the long-run relationship between stocks and housing primarily sits within two frameworks: integration/segmentation and the lead-lag relationship.

The Case for Opportunistic Real Estate (Davidson Kempner)

After years of sporadic opportunities, the market is entering a far more robust investing environment due to the ramifications of higher rates.

Infrastructure

Infrastructure Growth Dominates AI Investment Potential (TCW)

One of the most famous examples of scaling is Moore’s Law, which governed the performance of semiconductor devices for five-plus decades.

Known Unknowns of Infrastructure Investments (UBS AM)

Hurricanes, storms, wildfires, and environmental hazards are becoming more common, leading to the destruction of infrastructure and impacting the economy.

Investors Favour Europe over UK, and Infrastructure in Focus (PGIM)

Geographically speaking, investor sentiment toward Europe is relatively more positive compared to the UK, mainly due to the political changes and subsequent fiscal policy.

Farmland

How It Is Reshaping Our Food System and the Planet (Roland Berger)

One of the most pressing issues today is the contribution of agriculture to greenhouse gas emissions. How will farming change in the future?

Food Giants & Fertiliser Risk: Greater Coporate Disclosure (Planet Tracker)

Synthetic fertilizers helped power the “green” revolution, which began in the 1960s, combined with the use of new high yield varieties of wheat and rice.

Going Long on Permanent Crops: Almonds and Pistachios (Manulife IM)

For compliance reasons, this paper is only accessible in certain geographies

Increasing health and wellness awareness is a primary driver of demand for almonds and pistachios, shaping the farmland outlook in turn.