Star Hedge Fund Manager Neal Berger On Real Estate In 2023

Star Hedge Fund Manager Neal Berger On Real Estate In 2023

Real Estate

Few fund managers have ever experienced the success that Neal Berger achieved in 2022. Neal’s fund, Eagle’s View Contrarian soared 150% making it one of the 10 best hedge funds in the world for 2022.

We were able to catch up with Neal to hear a quick opinion on the real estate market!

RR: Do you have an opinion on real estate in 2023?

Neal Berger: Yes, I do have a fairly strong opinion on real estate! I think real estate is undergoing a revolutionary period due to the generational change which is the “work from anywhere” movement. I believe it is here to stay.

RR: What does that mean for the gigantic commercial real estate market?

Neal Berger: As a result of this generational change. I think a significant amount of commercial real estate will be repurposed into residential housing such as in New York City. Moreover, which will continue to have a glut of unoccupied office space.

RR: What do you see for the residential side of real estate?

Neal Berger: On the residential side, I think that there will be a persistent migration toward higher quality of life areas where taxes are lower, weather is pleasant, cost of living is lower, and ease of doing business is most favorable.

RR: Can you expand on this migration change?

I believe we’ve seen the peak of New York City. And the Southeastern part of the US as well as certain international destinations will become the biggest beneficiaries of this migration. Lastly, I expect this to be a multi-decade process.

Real Estate

Star Hedge Fund Manager Neal Berger On Real Estate In 2023