Watch the video version on YouTube.

In this episode of Alternative Realities, we’re going to be exploring the current landscape of commercial real estate, highlighting opportunities beyond the office sector. We’ll talk about the ongoing housing shortage in the U.S., which has been made worse by past overbuilding, lack of workers and zoning issues. The industrial sector is thriving, driven by the rise in e-commerce and logistics, with a significant increase in delivery vehicles. Retail is evolving, with neighborhood strip centers and high-end luxury performing well, while middle-tier malls struggle. Real estate is a valuable component of investment portfolios, offering risk mitigation, inflation protection and consistent cash flow.

Dr. David Kelly, Chief Global Strategist is joined by Chad Tredway, Head of Real Estate Americas at J.P. Morgan Asset Management, to discuss the opportunities he’s seeing on the market. Chad leads our investment management business in the United States for real estate and his team focuses on the $70 billion of real estate that we own.

Timestamps:

• Introduction (00:00)
• Direct vs. Public market real estate investment (01:19)
• Housing shortage in the U.S. (02:23)
• The J.P. Morgan approach to single-family rentals (03:41)
• Office space recovery post-COVID (05:34)
• Industrial space and delivery trends (07:15)
• Retail space outlook (08:26)
• Real estate in investment portfolios (10:34)

Resources:

For more resources on Alternatives, visit our Guide to Alternatives and Principles of Alternatives Investing

Listen to the audio version of the Alternative Realities podcast: Apple Podcasts | Spotify

Watch the video version on YouTube.

As we usher in a new year, the investment landscape is almost certainly set to change. That’s why in our twelfth season of Insights Now titled, “Preparing for the path forward,” Dr. David Kelly will sit down with portfolio managers and strategists from across J.P. Morgan to discuss their key takeaways from 2024, and what they expect from the economy and markets in 2025. With the new year just around the corner, tune in to hear what opportunities we are most excited about, and what risks we are most mindful of, heading into the new year. With the U.S. election in the rear-view mirror and the Federal Reserve finally easing policy, the forces driving financial markets in 2025 could differ greatly from 2024. Policy uncertainty should step in for election uncertainty, and the monetary policy debate will center around how quickly the Fed will cut, not when it will begin cutting. Still, with the U.S. economy displaying impressive resilience and structural tailwinds supporting prospects abroad, there remains a wide menu of attractive opportunities for investors to consider across global stocks and bonds, and plenty of ways to diversify. That said, markets can move quickly. Investors striving for alpha should be active in portfolios and allocate to their highest conviction ideas instead of sitting passively on the sidelines. To share some of his highest conviction ideas for the year ahead, Dr. David Kelly is joined by Phil Camporeale, Portfolio Manager in our Multi Asset Solutions group here at J.P. Morgan Asset Management.

Resources:

For more resources visit our website.

Subscribe to the Notes on the Week Ahead podcast for more insights from Dr. David Kelly: Apple Podcasts | Spotify

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In this episode, Dr. David Kelly is joined by Ash Williams, Vice Chair of J.P. Morgan Asset Management. Ash served as Chief Investment Officer and Executive Director of the Florida State Board of Administration, where he oversaw $250 billion in assets. He has extensive experience as an institutional investor in both public and private markets. Throughout their conversation, they cover a range of topics surrounding the importance of alternatives in a portfolio and the best approach to constructing a portfolio with alternatives.

Timestamps:

• Introduction (00:00:00)
• Risk and return within alternatives (01:27)
• Allocating capital toward alternatives (04:37)
• Process of picking specific alternatives (06:30)
• Institutional vs. individual portfolio allocations to alternatives (13:01)
• Importance of manager selection (15:40)
• Opportunities in alternatives today (17:06)

Resources:

For more resources on Alternatives, visit our Guide to Alternatives and Principles of Alternatives Investing

Listen to the audio version of the Alternative Realities podcast: Apple Podcasts | Spotify