Operational Real Estate
Operational real estate continues to prove itself as a rapidly developing area of the real estate market, demanding an evolution in market practice and the skill sets of those working and advising in it.
Our real estate team is adept at advising on the unique legal and tax risks and structuring considerations that operational investments present, having advised on key transactions of this nature in the market in recent years.
Operational assets provide real estate investors with access to diversified revenue streams beyond traditional rental income, creating an attractive yield profile and potentially also the ability to capture the upside associated with a well-run operating business.
Operational investments may be accessed through a spectrum of different approaches, from at the simplest end of the spectrum, turnover leases, to entry into joint ventures or management agreements with operators, to at the other extreme, taking an ownership stake in the operator itself and creating a “vertically integrated” platform.
“Fully operational: the future of real assets” - our 2024 operational real estate report
Register for a copy of the report
In 2023, the team produced a first-of-its-kind report in conjunction with Montfort Communications in response to the growing awareness of the role that operational real estate plays in the market to identify market opportunity and challenge common misconceptions.
We are now delighted to launch our updated 2024 report, “Fully operational: the future of real assets.”
We have once again interviewed a variety of market-leading stakeholders (including investment managers, operators, specialist asset managers, advisers and lenders) and collated their perspectives and insights to produce a deep dive into today’s market.
The report provides analysis as to the scale of the market opportunity, how such investments may be accessed, key structuring and governance issues, as well as the increasing overlap between operational real estate and infrastructure – all of which we would be delighted to discuss with you in more detail.
