Cult classic Back to the Future II came amusingly close to calling the winner of this year’s World Series with its bet on the Chicago Cubs for October 2015, but it didn’t delve too much into the world of real estate investment. Maybe it should have—many industry pros are surely feeling like they’ve entered a time-warp this month.
Asset prices are reaching new peaks. REITs are merging at breakneck speed. The Blackstone Group is buying everything it sets its eyes on. Haven’t we been here before?
Here’s a breakdown of five ways that this month has been a replay of past events.