Real estate is moving from stabilization to selective acceleration, with value creation becoming more targeted, operational, and execution-led. As capital concentrates in select sectors and strategies, leaders need sharper asset selection, disciplined capital structures, and stronger AI-enabled capabilities. Ben Dimson, Tripp Norton, and Aditya Sanghvi discuss how General Partners, Limited Partners, and real estate operators can turn market complexity into an advantage, drawing on research from their recent article.

Related insights

Real estate builds on new terrain

Real estate’s selective recovery

How agentic AI can reshape real estate’s operating model

2026 Global Private Markets Report: Private equity−clearer view, tougher terrain

Real estate is moving from stabilization to selective acceleration, with value creation becoming more targeted, operational, and execution-led. As capital concentrates in select sectors and strategies, leaders need sharper asset selection, disciplined capital structures, and stronger AI-enabled capabilities. <a href="https://www.mckinsey.com/our-people/ben-dimson?cid=cl4c-cml&amp;sid=%7b%7blead.SFDC%20Id:default=CL4C%7d%7d">Ben Dimson</a>, <a href="https://nam02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.linkedin.com%2Fin%2Ftrippnorton&amp;data=05%7C02%7CClare_Kitada-SYDN%40external.mckinsey.com%7C9cf981f240e7412a8fab08df09158b39%7Ccc8936bc93824fff87cb6f55999549e7%7C0%7C0%7C639239660502865651%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=LXrLRRLkIpc960TcIa74AXYlQozOlYxl5GKN3HWxUD4%3D&amp;reserved=0">Tripp Norton</a>, and <a href="https://www.mckinsey.com/our-people/aditya-sanghvi">Aditya Sanghvi</a>&nbsp;discuss how General Partners, Limited Partners, and real estate operators can turn market complexity into an advantage, drawing on research from their recent <a href="https://www.mckinsey.com/industries/private-capital/our-insights/global-private-markets-report/real-estate">article</a>. Related insights
<a href="https://www.mckinsey.com/industries/private-capital/our-insights/global-private-markets-report/real-estate">Real estate builds on new terrain</a>
<a href="https://www.mckinsey.com/featured-insights/charts/real-estates-selective-recovery">Real estate&rsquo;s selective recovery</a>
<a href="https://www.mckinsey.com/industries/real-estate/our-insights/how-agentic-ai-can-reshape-real-estates-operating-model">How agentic AI can reshape real estate&rsquo;s operating model</a>
<a href="https://www.mckinsey.com/industries/private-capital/our-insights/global-private-markets-report?cid=cl4c-cml&amp;sid=%7b%7blead.SFDC%20Id:default=CL4C%7d%7d">2026 Global Private Markets Report</a><a href="https://www.mckinsey.com/industries/private-capital/our-insights/global-private-markets-report/private-equity">: </a><a href="https://www.mckinsey.com/industries/private-capital/our-insights/global-private-markets-report/private-equity">Private equity&minus;clearer view, tougher terrain</a>

We talk with McKinsey partners and corporate executives on the challenges they face creating lasting strategies in a fast-changing world. We also examine the different ways these executives approach these challenges and the new and innovative ways they think of creating a vision for their enterprises.

What does it take to survive in a world of constant change? More than ever, enterprises need to create strategies that can meet current needs but also adapt to future demand. A regular series of interviews with McKinsey partners and corporate executives.

Inside the Strategy Room

The world is moving faster, and as upheaval becomes the norm, vast business opportunities will be within the grasp of the extraordinary few.  But it takes bold people and courageous approaches to seize those opportunities and create value.

In each episode of our weekly podcast, we interview the world’s highest-performing CEOs, CFOs, innovators, and McKinsey experts and discuss how they build the courage, clarity, conviction, and cohesion that allow their businesses to win by moving faster than the world around them. 

The world is moving faster, and as upheaval becomes the norm, vast business opportunities will be within the grasp of the extraordinary few. &nbsp;But it takes bold people and courageous approaches to seize those opportunities and create value.
In each episode of our weekly podcast, we interview the world&rsquo;s highest-performing CEOs, CFOs, innovators, and McKinsey experts and discuss how they build the courage, clarity, conviction, and cohesion that allow their businesses to win by moving faster than the world around them.&nbsp;

322. Capturing value in real estate’s new terrain

Episode description

Executives have more data, more frameworks, and more advice than ever, and yet their confidence in their strategies keeps falling. Andy West, Tim Koller, and Whitney Zimmerman, authors of our forthcoming book Strategy and Value: The Four Foundations That Drive Long-Term Performance, join us to discuss how winning companies leverage the four foundations that drive long-term performance and value creation

Related insights

Strategy and Value: The Four Foundations That Drive Long-Term Performance

Strategy’s biggest blind spot: Erosion of competitive advantage

How to maximize competitive advantage (podcast)

Ten Timeless Tests: Have you tested your strategy lately? 

How top economic performers lean into their competitive advantage to guide their strategy

Valuation: Measuring and managing the value of companies

 

Episode description
Executives have more data, more frameworks, and more advice than ever, and yet their confidence in their strategies keeps falling. <a href="https://www.mckinsey.com/our-people/andy-west?cid=cl4c-cml&amp;sid=%7b%7blead.SFDC%20Id:default=CL4C%7d%7d">Andy West</a>, <a href="https://nam02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.linkedin.com%2Fin%2Ftimkoller%2F&amp;data=05%7C02%7CClare_Kitada-SYDN%40external.mckinsey.com%7C7875f620e57d42762bfd08df1dbaa813%7Ccc8936bc93824fff87cb6f55999549e7%7C0%7C0%7C639262359712776817%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=KYa1NIG0Oree44OSE0ImMepkyDz3gAdYOwRTmqBa%2FRs%3D&amp;reserved=0">Tim Koller</a>, and <a href="https://www.mckinsey.com/our-people/whitney-zimmerman">Whitney Zimmerman</a>, authors of our forthcoming book <a href="https://www.mckinsey.com/featured-insights/mckinsey-on-books/strategy-and-value">Strategy and Value: The Four Foundations That Drive Long-Term Performance</a>, join us to discuss how winning companies leverage the four foundations that drive long-term performance and value creation
Related insights
<a href="https://www.mckinsey.com/featured-insights/mckinsey-on-books/strategy-and-value">Strategy and Value: The Four Foundations That Drive Long-Term Performance</a>
<a href="https://prod.mckinsey.com/capabilities/strategy-and-corporate-finance/our-insights/strategys-biggest-blind-spot-erosion-of-competitive-advantage">Strategy&rsquo;s biggest blind spot: Erosion of competitive advantage</a>
<a href="https://www.youtube.com/watch?v=zmeGg9ruEhk&amp;list=PLFUo1mP7MU2M&amp;index=7">How to maximize competitive advantage</a> (podcast)
<a href="https://www.mckinsey.com/capabilities/strategy-and-corporate-finance/our-insights/have-you-tested-your-strategy-lately">Ten Timeless Tests: Have you tested your strategy lately?&nbsp;</a>
<a href="https://prod.mckinsey.com/capabilities/strategy-and-corporate-finance/our-insights/how-top-economic-performers-lean-into-their-competitive-advantage-to-guide-their-strategy">How top economic performers lean into their competitive advantage to guide their strategy</a>
<a href="https://www.mckinsey.com/capabilities/strategy-and-corporate-finance/our-insights/valuation-measuring-and-managing-the-value-of-companies">Valuation: Measuring and managing the value of companies</a>
&nbsp;

324. How strategy creates value: The four foundations that drive long-term performance 

McKinsey research finds that companies executing transformations with rigor are much more likely to meet overall organizational transformation goals. Chris Hagedorn, Preeya Mody, and Michel Morenville join us to discuss what rigor really means in the context of transformation and how to embed it throughout the process, from setting the aspiration to mobilizing to delivering impact.

Related insights

Rigor: What it takes to turn ambition into impact

The power of rigor in transformation (podcast episode)

Wave by McKinsey

McKinsey Insights on Transformation

How to gain and sustain a competitive edge through transformation

Going all in: Why employee ‘will’ can make or break transformations

Seven principles for achieving transformational growth

Beyond transformation: What we now know about driving bottom-line performance

The powerful role financial incentives can play in a transformation

McKinsey Transformation on LinkedIn

McKinsey research finds that companies executing transformations with rigor are much more likely to meet overall organizational&nbsp;transformation goals. <a href="https://www.mckinsey.com/our-people/chris-hagedorn?cid=cl4c-cml&amp;sid=CL4C">Chris Hagedorn</a>, <a href="https://www.linkedin.com/in/preeyamody">Preeya Mody</a>, and <a href="https://www.linkedin.com/in/michelmorenville/">Michel Morenville</a> join us to discuss what rigor really means in the context of transformation and how to embed it throughout the process, from setting the aspiration to mobilizing&nbsp;to delivering impact.
Related insights
<a href="https://www.mckinsey.com/capabilities/transformation/our-insights/rigor-what-it-takes-to-turn-ambition-into-impact">Rigor: What it takes to turn ambition into impact</a>
<a href="https://omny.fm/shows/inside-the-strategy-room/296-the-power-of-rigor-in-transformation">The power of rigor in transformation</a> (podcast episode)
<a href="https://www.mckinsey.com/capabilities/transformation/how-we-help-clients/wave/overview">Wave by McKinsey</a>
<a href="https://www.mckinsey.com/capabilities/transformation/our-insights">McKinsey Insights on Transformation</a>
<a href="https://www.mckinsey.com/capabilities/transformation/our-insights/how-to-gain-and-sustain-a-competitive-edge-through-transformation">How to gain and sustain a competitive edge through transformation</a>
<a href="https://www.mckinsey.com/capabilities/transformation/our-insights/going-all-in-why-employee-will-can-make-or-break-transformations">Going all in: Why employee &lsquo;will&rsquo; can make or break transformations</a>
<a href="https://www.mckinsey.com/capabilities/growth-marketing-and-sales/our-insights/seven-principles-for-achieving-transformational-growth">Seven principles for achieving transformational growth</a>
<a href="https://www.mckinsey.com/capabilities/transformation/our-insights/beyond-transformation-what-we-now-know-about-driving-bottom-line-performance">Beyond transformation: What we now know about driving bottom-line performance</a>
<a href="https://www.mckinsey.com/capabilities/transformation/our-insights/the-powerful-role-financial-incentives-can-play-in-a-transformation">The powerful role financial incentives can play in a transformation</a>
<a href="https://www.linkedin.com/showcase/mckinsey-transformation/">McKinsey Transformation on LinkedIn</a>

323. How to drive transformations with rigor 

Private equity is navigating one of its most challenging value creation environments in years, and winning firms are using M&A integration as a competitive weapon. Brian Dinneen and Matthew Maloney join us to discuss three high-impact integration strategies that leading sponsors are using to overcome these headwinds, based on their recent article.

Related insights

How private equity is using M&A integrations to overcome headwinds

Unlocking full potential: Five practices reshaping PE value creation

2026 Global Private Markets Report: Private equity−clearer view, tougher terrain

Beating the odds: How private equity firms can improve exit prospects

Transforming value creation in private equity portfolio companies (podcast)

Private Capital at McKinsey

Private equity is navigating one of its most challenging value creation environments in years, and winning firms are using M&amp;A integration as a competitive weapon. <a href="https://nam02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.linkedin.com%2Fin%2Fbriandinneen%2F&amp;data=05%7C02%7CClare_Kitada-SYDN%40external.mckinsey.com%7C7506471714a14b05d31808df091095a3%7Ccc8936bc93824fff87cb6f55999549e7%7C0%7C0%7C639239639019051631%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=HYiCoifRMPX8h0et4FegMlCm50f4qVKps51HeRwChAI%3D&amp;reserved=0">Brian Dinneen</a>&nbsp;and <a href="https://www.mckinsey.com/our-people/matthew-maloney?cid=cl4c-cml&amp;sid=%7b%7blead.SFDC%20Id:default=CL4C%7d%7d">Matthew Maloney</a>&nbsp;join us to discuss three high-impact integration strategies that leading sponsors are using to overcome these headwinds, based on their recent <a href="https://www.mckinsey.com/capabilities/strategy-and-corporate-finance/our-insights/how-private-equity-is-using-m-and-a-integrations-to-overcome-headwinds?cid=cl4c-cml&amp;sid=%7b%7blead.SFDC%20Id:default=CL4C%7d%7d">article</a>.
Related insights
<a href="https://www.mckinsey.com/capabilities/strategy-and-corporate-finance/our-insights/how-private-equity-is-using-m-and-a-integrations-to-overcome-headwinds">How private equity is using M&amp;A integrations to overcome headwinds</a>
<a href="https://www.mckinsey.com/capabilities/transformation/our-insights/unlocking-full-potential-five-practices-reshaping-pe-value-creation">Unlocking full potential: Five practices reshaping PE value creation</a>
<a href="https://www.mckinsey.com/industries/private-capital/our-insights/global-private-markets-report?cid=cl4c-cml&amp;sid=%7b%7blead.SFDC%20Id:default=CL4C%7d%7d">2026 Global Private Markets Report</a><a href="https://www.mckinsey.com/industries/private-capital/our-insights/global-private-markets-report/private-equity">: </a><a href="https://www.mckinsey.com/industries/private-capital/our-insights/global-private-markets-report/private-equity">Private equity&minus;clearer view, tougher terrain</a>
<a href="https://www.mckinsey.com/industries/private-capital/our-insights/beating-the-odds-how-private-equity-firms-can-improve-exit-prospects">Beating the odds: How private equity firms can improve exit prospects</a>
<a href="https://omny.fm/shows/inside-the-strategy-room/306-transforming-value-creation-in-private-equity-portfolio-companies">Transforming value creation in private equity portfolio companies</a> (podcast) <a href="https://www.mckinsey.com/industries/private-capital/our-insights">Private Capital at McKinsey</a>

322. Capturing value in real estate’s new terrain

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