This episode is sponsored by Arrow Global Commercial real estate was heavily affected by rising interest rates throughout 2023. Many sectors of the asset class struggled against a challenging macroeconomic backdrop, with transaction activity dropping significantly and debt providers becoming more conservative in their lending. But over the course of 2024, base rates have begun to stabilize. So, how are investors adapting? In this episode of Spotlight, Zachary Vaughan, chief investment officer and global head of real estate at Arrow Global, speaks to Jonathan Brasse, editor-in-chief, real estate at PEI Group, about the impact of stabilizing interest rates and the best strategies for investors navigating the current market landscape. He discusses the significance of localized expertise in Europe, the emergence of situational distress in smaller transactions, and the shift towards operational real estate investments. He also discusses evolving portfolios and the increasing appeal of sectors like hospitality and retail.