PERE's 2026 Secondaries & Recapitalizations report examines how real estate secondaries transformed from niche liquidity instruments into mainstream capital formation strategies. The publication analyzes structural shifts in the private real estate market, where investors increasingly view secondary transactions as portfolio management tools rather than simple exit mechanisms.

The report details how continuation vehicles have moved beyond their original distress-focused positioning to become accepted structures for extending investment horizons. Industry experts contribute analysis on evolving investor preferences and the growing sophistication of secondary market participants.

This research arrives as private real estate markets experience heightened recapitalization activity, with managers seeking flexible capital solutions amid market uncertainty. The findings suggest secondary strategies now play a fundamental role in real estate portfolio construction and liquidity planning.

The publication joins PERE's broader research suite covering private real estate trends, including their Global Investor 100 ranking and Real Estate Debt 50 list. Access requires subscription registration through the PEI Group platform.