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  "documentTitle": "Public REIT sector (vs. private real estate)",
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      "text": "Development Deliveries Poised to Fall in 2025/2026",
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      "text": "interest rate: 100bps",
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      "text": "Across most property types, new construction deliveries are poised to fall in 2025 and 2026 as tighter capital markets resulting from Fed tightening led to a significant slowdown in construction starts.",
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      "text": "Source: Green Street; J.P. Morgan",
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      "text": "Declining New Supply to Benefit Real Estate",
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      "text": "Public Real Estate Companies Have More and Better Options for Capital Raising",
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      "text": "Publicly Traded Real Estate – Material Outperformance to Private Real Estate",
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