For more than thirty years, the AFIRE Investor Survey has gathered the opinions of AFIRE’s members—representing more than 175 organizations from 25 countries, with approximately US$4 trillion AUM—to construct a useful tool for investors, regulators, and the media to understand the goals, challenges, and impacts of international investments on US real estate opportunities.
This H2 2025 Investor Survey continues the conversation.
All AFIRE member and guest respondents are invited to respond. All respondents will receive an early copy of the survey report, prior to its public release in September 2025.
This survey will take 9-12 minutes to complete. The deadline has been extended Friday, August 15, 2025.
/ DETAILS
There are a total of 16 questions (and six potential additional questions) in this survey.
All responses are optional, and you can skip questions not relevant to your work.
All AFIRE member and guest respondents are invited to respond. All respondents will receive an early copy of the survey report, prior to its public release.
This survey is being conducted independently by AFIRE.
All responses are kept confidential and individual responses will not be attributed to you.
To allow for tracking changes in sentiment over time, some questions are repeated or phrased as follow-up questions from previous surveys. To view all previous reports, visit afire.org/insights/reports.
/ QUESTION PREVIEW
/ ABOUT
- Please provide your title, organization, AUM, and AFIRE member type.
/ ECONOMY
- Do you believe the US economy is on track to a recovery in the next 12-18 months?
- Relative to other global regions (e.g., Europe, Middle East, Asia, etc.), what is your view of the current US economy?
- Whether you have a positive or negative outlook for the US economy, what do you consider to be the top three factors affecting investors’ outlooks for US real estate investment over the next 12-18 months?
- Given current global sentiment trends and known market uncertainties, do you agree or disagree with the following statements on the US real estate market over the next 12–18 months?
- Of the following global regions, do you predict increased, decreased, or unchanged investment into the US over the next 12–18 months?
/ ENERGY
- Is your organization invested in any assets or projects focused on the global renewable energy transition?
- How important is energy availability in your current due diligence and valuation/pricing processes?
- Do you expect your answer to the previous question to change within the next five years?
- To what extent do you currently work with local municipalities or utilities to ensure that your assets have reliable energy sources?
- Which investor-controlled levers do you believe will be the most effective for guiding the transition over the next five years?
/ HOUSING
- A recent report from Up For Growth outlines several actions the US government can make to increase housing supply. Which of these federal actions do you believe would be most effective?
- This same report also outlines several actions local governments can make to increase housing supply. Which of these state and local actions do you believe would be most effective?
- Similar to the energy transition, the expansion of housing affordability and availability in the US requires a system-wide approach. Which investor-controlled levers do you believe will be the most effective addressing the housing shortage over the next five years?
/ CONTEXT: GET THE H1 2025 REPORT
