On this episode, François Trausch, CEO and CIO of PIMCO Prime Real Estate, reflects on the behavior of the central banks, refinancing and the demands of decarbonization. Recorded at the PERE Europe conference as part of his keynote address, he speaks with PEI Group’s Jonathan Brasse about the outlook for the market.

“I think learning to be a good investor is also learning to do nothing from time to time,” he said. “That doesn't mean [investors are] not busy… There's work to be done, and I think if the bid-ask spread is narrowing, which we're seeing, I think sales will come back and there's lots to be done in putting the same teams on the sales effort and understanding how to use the capital stack, not just you know, to do equity, but to look at more hybrid ways to invest.”

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