This is the inaugural episode of BMO Capital Markets Real Estate on Markets Plus, where we offer concise, practical insights on the forces shaping North American real estate.
In this episode, host Stephan Richford, Group Head and Managing Director of Investment Banking for North American Real Estate, is joined by Catherine Sierakowski, Managing Director & Head, CB, I&CB Real Estate, and Michael Brodie, Managing Director & Head, Real Estate Investment Banking, to unpack what changed in 2025 and what it means for the year ahead.
In this episode:
Why 2025 delivered constructive debt markets but fewer large trades, and how that sets up 2026
How data centers and senior housing are bucking the trend on flows and fundamentals
The capital‑structure toolkit: buybacks, JVs, structured solutions, and cross‑border issuance
What stable (but selective) credit means for REIT refinancing and the maturity wall
Where PE dry powder and LP liquidity needs could accelerate portfolio deals and take‑privates
Listen to the full conversation:
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