Tag: Portfolio Allocation
Private Commercial Real Estate After the Market Reset with PGIM’s Andrew Garten (Ep. 104)

Private Commercial Real Estate After the Market Reset with PGIM’s Andrew Garten (Ep. 104)

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Commercial real estate has repriced, but the opportunity isn’t the same across every property type or market. 

What should investors weigh before adding it to a long-term portfolio?

In this episode, Robert Curtiss speaks with Andrew Garten, Alternative Investment Specialist at PGIM, about the case for private commercial real estate after the 2022 to 2024 market reset. They cover where PGIM sees demand across housing, senior living, medical offices, logistics, and necessity-based retail.

Andrew explains how core real estate may combine income, growth, tax deferral, and lower correlation with stocks and bonds. They also address liquidity, allocation ranges, manager selection, and why local supply and demand can shape results.

Andrew discusses:

  • Why the 2022 to 2024 market reset may have improved pricing across selected commercial real estate sectors
  • How senior housing, student housing, medical offices, and logistics reflect essential demand and limited supply
  • How core real estate may combine income and growth while behaving differently from public stocks and bonds
  • Why depreciation may defer part of private REIT income and affect an investor’s cost basis over time
  • How liquidity needs, retirement timing, and portfolio goals can influence an appropriate real estate allocation
  • And more!

Resources:

Connect with PGIM :

Connect with Robert Curtiss:

About Our Guest:

Andrew Garten is an Alternative Investment Specialist at PGIM, the asset management business of Prudential Financial. With more than 20 years of experience, he focuses on helping investors understand opportunities across private markets, including commercial real estate. In his role, Andrew draws on PGIM’s global real estate platform and long operating history to explain how property type, location, income potential, tax treatment, and liquidity can affect an investment. He holds a Bachelor of Science in International Business Technology, International Studies, and French from the Pamplin College of Business.

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Balancing Markets, Policy, and AI Spending in the 2026 Outlook Peter Repetto (Ep. 90)

Balancing Markets, Policy, and AI Spending in the 2026 Outlook Peter Repetto (Ep. 90)

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Markets are entering a year shaped by crosscurrents, shifting signals, and unresolved questions. Economic strength, policy decisions, and investment concentration all point to a period that demands close attention and thoughtful positioning.

In this episode, Robert Curtiss speaks with Peter Repetto, Vice President and Investment Strategist at iCapital, about their 2026 economic and market outlook. They explore slowing labor trends alongside strong GDP growth, the role of AI investment, and how fiscal and monetary policy may influence markets. 

The conversation also covers inflation risks, tariffs, and why selectivity across asset classes matters heading into a midterm election year.

Key takeaways:

  • How slowing job growth contrasts with strong GDP readings and what that tension could mean for 2026
  • Why AI capital spending remains a key growth driver, but requires careful company selection
  • The impact of tariffs, fiscal policy, and court decisions on rates and equity markets
  • Why earnings growth, not valuation expansion, may define equity returns next year
  • How private markets and alternative strategies may help address concentration and volatility
  • And more!

Resources:

Connect with Peter Repetto:

Connect with Robert Curtiss:

About Our Guest:

Peter is a Vice President and Investment Strategist at iCapital, focusing on developing and delivering research, investment ideas, and thought leadership content for external and internal audiences on behalf of iCapital’s Investment Strategy team. Prior to joining the firm, Peter spent over eight years at Franklin Templeton Investments, where he contributed to their asset allocation strategy and macroeconomic research. Peter holds a BA in Economics from Fairfield University.

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