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ARTICLE · 03 JANUARY 2022

Looking Back, Looking Ahead: A U.S. Perspective

Hogan Lovells Cadwalader
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Hogan Lovells Cadwalader

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As we all know, 2021 has been a big comeback year in the real estate industry following the unprecedented COVID-driven challenges of 2020.

United StatesReal Estate and Construction
Steven Herman
Steven Herman
Bonnie A. Neuman
Bonnie A. Neuman
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As we all know, 2021 has been a big comeback year in the real estate industry following the unprecedented COVID-driven challenges of 2020. There are still fundamental changes occurring – using a real estate metaphor, both at the foundation level or rising above the surface.

Let's take a closer look.

Looking Back (2021)

  • The Return of Real Estate: The onset of the pandemic made for a shaky 2020 and analysts were predicting the worst, but the industry held up better than expected and 2021 had activity levels that were some of the highest since the financial crisis in 2008. Real estate powerhouses like Blackstone are posting their best quarters ever and are quoting real estate as the driver, and single borrower CMBS showed growth and activity at a level higher than the financial crisis.

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