The market is setting up to present savvy investors with opportunities to acquire high quality, well-located properties with operational upside. Essential’s 2023 Co-GP Fund also reached reservations for 92.5% of its allotment in the month of June.

The Federal Reserve continues to face a difficult trade-off: with inflation this persistent, the only way to get it back towards 2% is by generating a recession. While patiently waiting for market pricing to reset, Essential has identified and is tracking these assets for potential acquisitions.

We formally launched our 2023 Co-GP Fund last month and funding is off to a fast start. Opportunities are now beginning to appear and Essential is on the hunt in the new normal!

Looking back we knew that the almost 12-year run of easy money, compressing cap rates and ever increasing valuations would one day stop. Real estate has always been cyclical and 2022 marked the end of a great bull run.