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Bain Capital’s head of real estate discusses market disruptions and alternative asset classes
Ryan Cotton, overseeing $18 billion of assets at Bain Capital, explains how macro shocks, AI-driven changes, and shifting demand are creating a “cocktail of disruption” in U.S. real estate. He highlights a move away from offices, malls, and oversupplied multifamily markets toward alternative classes such as senior housing, self‑storage, student housing, private airplane hangars, and marinas, citing double‑digit NOI growth potential. Cotton emphasizes a long‑term, ten‑year investment lens and notes wealth concentration is driving demand for high‑value niche assets.