As featured in “Commercial Property Executive”
Richard Berger, Commercial Property Executive, 5 May, 2025
Jeff Holzmann, COO of RREAF Holdings, was spotlighted in Commercial Property Executive’s “CRE’s New Money Movers” by Richard Berger, where he weighed in on global investment trends and shifting confidence in the office sector. His comments reflect a turning point in how the market views post-pandemic real estate opportunities.
Private wealth fuels debt funds
The report also underscores the pivotal role private wealth investors play in U.S. commercial real estate, according to Zachary Streit, president of Priority Capital Advisory.
“As institutional capital remains cautious, private wealth has become a primary driver of equity investments, particularly in office, industrial and retail sectors,” he told CPE.
“Additionally, private wealth channels are increasingly fueling debt funds, offering diversified financing solutions.”
The U.S. continues to be the top destination for real estate investments worldwide, despite challenges such as fluctuating regulations, tariffs and currency issues, Jeff Holzmann, COO of RREAF Holdings, pointed out.
He told CPE that the increased funds invested in office spaces suggest that the market now believes this sector has hit its lowest point in the post-pandemic era, as the momentum to return to the office exceeds the trend of working from home.
Even amid an economic pause, as investors wait to see what happens over the next several months, “smart money is still investing in U.S. commercial real estate, buying distressed office assets in downtown New York, Los Angeles and San Francisco at 30 percent of 2019 market values,” Ed Del Beccaro, EVP & San Francisco Bay Area manager of TRI Commercial/CORFAC International, told CPE.
We appreciate and thank Commercial Property Executive, especially Richard Berger, for giving us the opportunity to speak about the latest JLL CRE report and where investors are looking in 2025. To access the full article on Commercial Property Executive, please click here.
