General Session: Learning in Real Time: Experts Share Their Forecasts for Real Estate in ’25, ’26, and ’27

Emi Adachi is a Managing Director and Co-Head of Global Research at Heitman. She is an equity owner of the firm. Emi leads the North American and Asia Pacific research teams, overseeing strategy development and underwriting for all private equity and debt investments. She sits on the firm’s North American Private Equity Investment Committee and Valuation Committee. Additionally, Emi analyzes demographic and technological trends and…

Indraneel "Indy" Karlekar, equity owner and Managing Director, is the Global Head of Research and Strategy at Clarion Partners. He is a member of Clarion’s Executive Board and Investment Committee. Indraneel leads the research group in supporting the development of Firm-wide and business unit-specific investment strategy and advising on portfolio strategy through proprietary analytics, data science and econometric forecasting. Additionally, he is responsible for macroeconomic…

Suzanne Mulvee serves as Senior Vice President of Research and Strategy at GID and is responsible for creating actionable insights into economic drivers, capital market trends, and real estate fundamentals to maximize risk-adjusted returns across real estate cycles. Prior to joining GID, Mulvee was a Director and Real Estate Strategist at CoStar Portfolio Strategy and PPR. There, she was a consultant to some of the…