Lauren Hochfelder, Head of Global Real Assets at Morgan Stanley, discusses demographic drivers supporting investment in senior housing.
0:00 / 0:06exact quote · 6.6s
720p mp4 · rendered on demand · StarZero watermark
“We know the eighty-plus age cohorts growing at nearly five percent a year while the overall population is dead flat.”
quote is from the automated transcript, cleaned for reading:
filler sounds and stutters are removed, nothing is rephrased. names can be misheard
(the analysis reads context, assessments check outside sources). how →
More from Lauren Hochfelder
Insight
Hochfelder: Mega-funds of $20B+ inevitably force managers to abandon selectivity
“When you've seen the rise of these individual closed-end funds that are 20 plus billion dollars to be deployed over a four-year period. You can be the world's most extraordinary investor, but if you have that much scale, you are going to be forced to deploy.”
Lauren HochfelderJul 30, 2026▶ 28:37Building Durable Real Estate Portfolios at Morgan Stanley – Lauren Hochfelder (EP.514)
Insight
Hochfelder: Public alternative managers prioritize AUM growth over investment selectivity
“You've seen more and more mega cap managers that are publicly traded, alts asset managers. Their share price is ultimately going to be a function of their AUM growth. People follow incentives. They are doing the right thing by their shareholders to grow. We ha…”
Lauren HochfelderJul 30, 2026▶ 29:48Building Durable Real Estate Portfolios at Morgan Stanley – Lauren Hochfelder (EP.514)
AssertionSupported
Hochfelder: Silicon Valley industrial real estate rents jumped 40% recently
“We've been investing in industrial assets in and around Silicon Valley that are benefiting from the physical AI trends, among other things. Rents are up 40% over the last several years.”
Lauren HochfelderJul 30, 2026▶ 18:55Building Durable Real Estate Portfolios at Morgan Stanley – Lauren Hochfelder (EP.514)
AssertionSupported
Hochfelder: Inland Empire industrial real estate rents dropped roughly 40%
“If you drive 400 miles due south to the Inland Empire in Southern California, which was always the hottest industrial market on the planet, rents over the same period of time are down roughly 40%.”
Lauren HochfelderJul 30, 2026▶ 19:08Building Durable Real Estate Portfolios at Morgan Stanley – Lauren Hochfelder (EP.514)
AssertionSupported
Hochfelder: Real estate trades below replacement cost for first time since GFC
“This is the first time since the GFC where we're seeing real estate values trading consistently below replacement cost.”
Lauren HochfelderJul 30, 2026▶ 40:35Building Durable Real Estate Portfolios at Morgan Stanley – Lauren Hochfelder (EP.514)
Insight
Hochfelder: Real estate requires active asset transformation over passive holding
“For the assets we own, it's not just buy and hold, it's buy and change. You can transform these assets. That's one of the things that's less understood about both real estate and infrastructure is how active those assets are. It's not Just that durable cash fl…”
Lauren HochfelderJul 30, 2026▶ 6:30Building Durable Real Estate Portfolios at Morgan Stanley – Lauren Hochfelder (EP.514)
Made with StarZero
Turn any episode into a week of clips.
This entire site, over 700 episodes transcribed, diarized, checked and made playable,
runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the
moments worth sharing, cuts them, captions them, and reframes them for every feed.
We use essential cookies to make the site work. With your permission we
also use analytics cookies (Google Analytics and Mixpanel) to understand
usage and improve StarZero. See our Cookie Policy.