CRE Delivers Durable Returns Over the Long-Run

CRE Outshines Alternatives

• Economic volatility and near-term uncertainty are weighing on the broader investment outlook

• CRE’s has historically delivered comparably low volatility, and sturdy performance

How CRE Compares to the Stock Market

• CRE yields have been relatively stable over the last two decades

• While the stock market is down 24% so far this year, CRE has sustained momentum

Favorable Characteristics of CRE

• Underlying demand drivers remain sound, providing some insulation against wider economic turbulence

• As a hard asset, CRE offers some inflation resistance

• Investors favor CRE cash flows and the range of financing options