However, real estate — specifically the commercial side — may be poised to take off.
"This is absolutely the largest generational opportunity to invest in real estate in a long time," Issar said at the conference.
"This is a time for investors to step in, move into attractive pricing, move into asset classes like non-core real estate."
Investors can bet on a commercial real estate rebound by working with JPMAM's team, or on their own through publicly traded real estate investment trusts (REITs).
"That is the modernization of the new direct real estate that is going to be really attractive for investors in the future."
Persons:
Goldman Sachs, —, Goldman Sachs Goldman Sachs, they're, That's, David Kelly, what's, JPMAM, Kelly, David Lebovitz, Monica Issar, Issar
Organizations:
JPMorgan Asset Management, Service, Asset Management, Management, JPMorgan Private