Just like lay-by, hedge funds will be back

While hospitality assets that were convention oriented will probably take longer to recover back to pre-COVID levels, these activities will come back and this mega trend will continue, Blackstone's Kathleen McCarthy says.

The dislocation caused by Covid will push along growth in specialty real estate fundamentals at the same time as managers are improving their systems and liquidity enters the market, Heitman's Caleb Mercer says.

It's the inefficiency inherent in real estate that provides opportunities for investors to take advantage of illiquidity and price discovery at certain inflection points, AXA's Justin Curlow explains.