Financial & Investment
Commercial real estate valuation: telling LPs the truth about your marks
Transaction prices, appraisals and secondary bids are telling different stories. How North American managers should communicate valuations and write-downs to limited partners. The report sets out the considerations and practical implications discussed in the article.
- Format
- PDF · 14 pages
- Published
- Published Oct 2026
- Article
- Read the article
What's inside
- 01Prices have reset, but unevenly, and the averages hide the story
- 02Appraisal-based marks look steadier than the market they describe
- 03Returns diverge by sector, and the sector story must be told
- 04Secondary pricing is the number LPs will quote back to you
- 05Credit stress shapes both the marks and the conversation