Longer-form thinking on where the market goes.
12 white papers

Economic commentary on recession duration and complexity trends in the U.S. economy.

BGO discloses embodied carbon metrics and sustainability risk policies aligned with SFDR Article 3 regulatory requirements.

Research examining how limited partner expectations and policy drivers are influencing sustainable investing practices and performance in real estate.

BGO's chief economist examines the characteristics and formation of resilient commercial real estate investment vintages.

A media appearance discussing perspectives on artificial intelligence's impact on real estate, multifamily housing trends, and data center market dynamics.

Analysis of global real estate credit markets examining how to distinguish meaningful market signals from noise in capital deployment decisions.

Chief economist commentary on commercial real estate development activity and market constraints.

The document discusses commercial real estate opportunities in an environment where consumers perceive inflation easing despite energy-driven price pressures, falling real wages, and uneven recovery signals. The chief economist argues that the real CRE opportunity involves identifying assets with durable income growth before the market reprices in what is termed "Cheerios Arbitrage.

BGO chief economist Ryan Severino argues weak job growth does not automatically signal recession.

Private credit moves toward core as banks retreat and refinancing needs rise.

Real estate lending and insurance capital opportunities in a reset market.

Productivity gains rather than employment are driving output, with implications for CRE.