JPMorgan Asset Prefers Real Estate and PE to Direct Lending

Private credit may be all the rage among investors, but there are better alternatives, according to JPMorgan Asset Management.

Amid signs of a turnaround in commercial real estate, opportunities exist in commercial mortgage-backed securities, non-traded real estate investment trusts and direct investment vehicles, said Gabriela Santos, the $3.3 trillion asset manager’s chief market strategist for the Americas.

She also notes potential to invest in single family and industrial real estate, as well as infrastructure debt and equity.

“For that marginal dollar, to us, real estate and private equity are a bit more interesting,” Santos said in the latest ...