Episode 388: Global Real Estate Opportunities for Insurers

Greg Eudicone, Head of Global Real Estate Client Portfolio Management at Barings, discusses how the commercial real estate opportunity set is evolving across geographies, sectors, and the capital structure. He shares Barings’ perspective on why real estate has become a more selective market, with meaningful dispersion across office, multifamily, industrial, retail, and alternative property types. The conversation also explores relative value between real estate debt and equity, opportunities created by bank retrenchment, and the growing role of healthcare, manufactured housing, student housing, and other specialized sectors. Greg also discusses how insurers are approaching real estate credit, the importance of active asset management and origination capabilities, and why disciplined underwriting may matter more as volatility persists. [00:00:02] - Introduction [00:02:55] - The Global Real Estate Landscape: A Stock Pickers Market [00:05:01] - Sector Analysis: Where Fundamentals Are Strong and Where Caution Is Warranted [00:09:09] - Active Management and the Investment Process at Barings [00:12:16] - Healthcare Real Estate: Demographics and the Artemis Partnership [00:15:43] - Market Timing, Opportunity Set, and the Debt vs. Equity Debate [00:20:53] - Insurance Investor Sophistication and Capital Efficiency [00:23:26] - Looking Ahead: AI, Data Centers, and the Need for Disciplined Management [00:27:34] - Closing Remarks and Final Question 🌐 Website: www.insuranceaum.com 💼 LinkedIn: linkedin.com/company/insurance-aum #InsuranceAUM #Barings #RealEstate