LaSalle Investment Management's Brian Klinksiek discusses shifting real estate capital market expectations in a PERE podcast, directly responding to evolving central bank guidance and escalating geopolitical tensions from the Iran conflict. Klinksiek highlights how these factors are forcing investors to recalibrate strategies for global real estate exposure. The conversation underscores mounting concerns about potential capital market strain as policymakers signal prolonged rate uncertainty. Real estate managers are now prioritizing resilience against both economic volatility and regional instability, particularly in Middle Eastern assets tied to the Hormuz Strait. This pivot reflects a broader industry reassessment of risk parameters in an increasingly uncertain macroeconomic environment.