Global direct investment in real estate fell for the first time on a quarterly, annual basis since the onset of the pandemic, according to a report this week from JLL. Vince DiSalvo spoke to GlobeSt about how real estate values, like valuations across all asset classes, will continue to be put into question as the Fed determines its policy guidance going forward. While investors are wise to remain cautious, Vince acknowledges real estate is special because it is both a cash flow series and a hard asset.