On the Spot with Jay Marling – December 2025

December 17, 2025

Jay Marling on How Opaque CRE Valuations Are Running Out of Road

CRE valuations are at an inflection point. Investors are demanding clarity. Data is moving faster. And the old playbook of selective assumptions and opaque methodologies is running out of road.

In our latest On the Spot episode, Jay Marling and Steve Williams sit down to unpack the ideas behind Capright’s widely read article, “How Opaque CRE Valuations Are Running Out of Road”.

They dive into why valuation has become a core governance issue, how misaligned incentives have shaped the current landscape, and what leading institutions are doing to rebuild trust through transparency and defensibility.

Read the article:

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At Capright, we are uniquely positioned to support institutional investors, operators, and developers navigating this evolving environment. As an independent valuation and advisory firm, we provide clarity, accuracy, and confidence, especially where the stakes are highest.

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