Capital Seeks Shelter Amid Shifting Sector Priorities

Multifamily and industrial assets continue to attract stable capital, with Boston and Phoenix emerging as favored destinations for risk-averse investors. Office and hospitality remain under pressure, particularly in legacy urban markets like Chicago and Washington, where underwriting standards have tightened and lenders exhibit caution. The current environment rewards allocators who balance defensive postures in resilient sectors with selective forays into distressed segments, as capital flows recalibrate in response to evolving fundamentals and shifting risk appetites.

The day’s coverage