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Healthy economic growth, potentially declining interest rates and stronger transaction activity indicates that the real estate sector, excluding office, has hit its trough.
Michelle Russell-Dowe, co-head of private debt and credit alternatives, says the firm is looking to invest where over-exposed regional banks are pulling back.
About 64 percent of the $400 billion of dry powder that the industry has set aside for property investment is targeted at North America, the highest share in two decades.
Bell Partners will continue to operate as a distinct business under BGO, retaining its leadership team and maintaining full responsibility for its investment strategy and performance.
The partnership will allow Sowell’s network of advisors to offer clients expanded access to M&A consulting, valuation, exit planning and commercial real estate services.