CBRE

&nbsp;Secondary transactions—sometimes called indirect investing—are on the rise as a way to acquire real estate. Evercore’s Jarrett Vitulli and CBRE Investment Management’s Achal Gandhi discuss how these investment vehicles can boost returns at lower risk.&nbsp; <ul><li>Secondary transactions are gaining traction as a way to acquire real estate. Often, these transactions offer &nbsp;investors an opportunity to acquire real estate portfolios at a discount, enhancing returns without taking on property-level risk.&nbsp;</li></ul> <ul><li>The secondary market for real estate is expanding, driven by the need for liquidity, strategic portfolio management and recapitalization opportunities. Notable opportunities are available in logistics, multifamily and healthcare real estate.&nbsp;</li></ul> <ul><li>In today's market, secondary transactions can offer core stabilized assets at discounted rates.&nbsp;</li></ul>





Jarrett is a senior managing director and the Global Co-Head of Evercore’s Real Estate Strategic Advisory practice. With a global team based in the United States, Europe and Asia, Jarrett is responsible for setting strategy for the group and advising both Sponsors and institutional investors on a range of private market real estate solutions, including capital raises, GP-led transaction, portfolio sales and M&A. Prior to joining Evercore in 2015, Mr. Vitulli was a managing director at UBS, where he established the private capital practice and worked on a range of capital raising, GP-led and secondary transactions involving real estate and other asset classes.  

Jarrett Vitulli

Senior Managing Director, Global Co-Head of Real Estate Strategic Advisory, Evercore 

Achal Gandhi is CIO – Indirect Real Estate Strategies for CBRE Investment Management. Based in London, he manages the day-to-day operations of the Global Indirect Real Estate business as well as the investment process, formulating top-down strategies and overseeing client investment plans. Previously, Achal was a European Real Estate Analyst within the Equity Research department at Bear Stearns International. During this time, he was responsible for analyzing and forecasting listed real estate companies and making recommendations to sales teams. 

Achal Ghandi 

CIO – Indirect Real Estate Strategies, Chair of the Global DE&I Council, CBRE Investment Management 

New Slang: A deep dive into secondary investment vehicles

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