For private real estate investors, the question is not whether the environment has changed, but how portfolios should adapt to it. This is not a moment to stretch for returns. It is a moment to adopt a more defensive stance.
Geopolitical shocks have a way of compressing time. What would ordinarily take months to play out in markets can unfold in days, forcing investors to reassess assumptions that once appeared stable.
The ongoing conflict in Iran — and the resulting disruption to the Strait of Hormuz, a critical conduit for global energy supply — is one such shock. Its implications extend well beyond oil markets. It is, in effect, repricing risk across asset classes, including real estate.
