The Forces Reshaping Global Real Estate

<p>MSRED candidate Michael Khamis welcomes David Steinbach, Global Chief Investment Officer at Hines, to MIT’s Center for Real Estate for an in-person conversation. David made the trip from Houston to Cambridge to sit down with our students and share his perspective on the forces reshaping global real estate.</p><p><br></p><p>With more than 25 years at Hines and oversight of a platform that has grown from roughly $10 billion to over $90 billion in assets under management, David offers a vantage point across cycles, geographies, and sectors.</p><p> </p><p>In this episode, we cover:</p><p>·        Where we are in the global real estate cycle — and what makes this downturn and recovery fundamentally different</p><p>·        How Hines is navigating the repricing of risk and a higher cost of capital environment</p><p>·        The tension between deglobalization and global capital flows, and why local market knowledge has never mattered more</p><p>·        Structural conviction in the living sector — from multifamily and build-to-rent to student housing and senior living — amid a deepening global housing shortfall</p><p>·        How recent executive action on single-family rental acquisitions is reshaping BTR and SFR investment strategy</p><p>·        The rise of powered land plays: why power availability and grid capacity are becoming the defining constraint for data centers and AI-driven infrastructure</p><p>·        Lessons from working alongside the legendary Gerald Hines</p><p>·        Advice for students and early-career professionals who aspire to lead at a strategic level</p><p><br></p><p>Whether you&#39;re an investor, developer, student, or anyone trying to make sense of where real estate goes from here, this conversation is essential listening.</p><p><br></p><p><br></p><p>Director: Denise DeLorey</p><p>Interview by: Michael Khamis</p><p>Production by: Michael Khamis / Lacey Cochran</p><p>Music from #Uppbeat:</p><p>https://uppbeat.io/t/mark-july/dance-with-me</p><p>License code: KQAWWN4CWQXDF01E</p>