Real Estate
Several Trends Supporting Sunbelt-Market Exposure
White Paper
Nov 19, 2020
Real estate portfolios with exposure to U.S. Sunbelt markets are poised to benefit in the near term, in our view. We do expect that coastal cities will thrive over the medium to long term; however, we see several key trends supporting current exposure to companies focused on Sunbelt markets.
Increasing migration from America’s largest northern and coastal metropolitan areas to Sunbelt markets—the population centers of the Southwest and Southeast—was happening before the COVID-19 crisis. Now, these migration trends appear to be accelerating in the near term and Sunbelt markets are consistently seeing more move-ins than move-outs.
The acceleration of migration trends is strengthening real estate fundamentals in Sunbelt markets relative to those in northern and coastal counterparts.
- Apartment rents in Sunbelt markets are showing resiliency.
- Home prices are appreciating more in the Sunbelt.
- Supply and demand dynamics within Sunbelt office markets appear more attractive in the near term.
Subscribe for updates
Important Disclosures
Brookfield Public Securities Group LLC (“PSG” or “the Firm”) is an SEC registered investment adviser and is registered as a portfolio manager in each of the provinces and territories of Canada and represents the Public Securities Group of Brookfield Asset Management Inc., providing global listed real assets strategies including real estate equities, infrastructure equities, multi-strategy real asset solutions and real asset debt. PSG manages separate accounts, registered funds and opportunistic strategies for institutional and individual clients, including financial institutions, public and private pension plans, insurance companies, endowments and foundations, sovereign wealth funds and high net worth investors. PSG is an indirect, wholly owned subsidiary of Brookfield Asset Management Inc., a leading global alternative asset manager. The information in this presentation is not and is not intended as investment advice, an indication of trading intent or holdings, or prediction of investment performance. Views and information expressed herein are subject to change at any time. Brookfield disclaims any responsibility to update such views and/or information. This information is deemed to be from reliable sources; however, Brookfield does not warrant its completeness or accuracy. This publication is not intended to and does not constitute an offer or solicitation to sell or a solicitation of an offer to buy any security, product or service (nor shall any security, product or service be offered or sold) in any jurisdiction in which Brookfield is not licensed to conduct business and/or an offer, solicitation, purchase or sale would be unavailable or unlawful. Opinions expressed herein are current opinions of Brookfield Public Securities LLC and are subject to change without notice. Brookfield Public Securities Group LLC, including its subsidiaries and affiliates, assumes no responsibility to update such information or to notify clients of any changes. Any outlooks, forecasts or portfolio weightings presented herein are as of the date appearing on this material only and are also subject to change without notice. This document and the information contained herein are for educational and informational purposes only and do not constitute, and should not be construed as, an offer to sell, or a solicitation of an offer to buy, any securities or related financial instruments. Responses to any inquiry that may involve the rendering of personalized investment advice or effecting or attempting to effect transactions in securities will not be made absent compliance with applicable laws or regulations (including broker dealer, investment adviser or applicable agent or representative registration requirements), or applicable exemptions or exclusions therefrom. Past performance is not indicative of future performance, and the value of investments and the income derived from those investments can fluctuate. Future returns are not guaranteed and a loss of principal may occur.
Forward-Looking Statements
Information herein contains, includes or is based upon forward-looking statements within the meaning of the federal securities laws, specifically Section 21E of the Securities Exchange Act of 1934, as amended, and Canadian securities laws. Forward-looking statements include all statements, other than statements of historical fact, that address future activities, events or developments, including, without limitation, business or investment strategy or measures to implement strategy, competitive strengths, goals, expansion and growth of our business, plans, prospects and references to our future success. You can identify these statements by the fact that they do not relate strictly to historical or current facts. Words such as “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe” and other similar words are intended to identify these forward-looking statements. Forward-looking statements can be affected by inaccurate assumptions or by known or unknown risks and uncertainties. Many such factors will be important in determining our actual future results or outcomes. Consequently, no forward-looking statement can be guaranteed. Our actual results or outcomes may vary materially
Contact Us
brookfield.com | [email protected]
© 2020 Brookfield Public Securities Group LLC