CNSREIT-AR-2024 Final - Flipbook - Page 37
Our success depends on general market and economic conditions. Changes in market and economic conditions,
including elevated interest rates, could adversely impact our revenue and profitability.
The real estate industry generally and the success of our investment activities in particular are both affected by global
and national economic and market conditions generally and by the local economic conditions where our properties are
located. These factors may affect the level and volatility of real estate prices, which could impair our profitability or result
in losses. In addition, general fluctuations in the market prices of securities and interest rates may affect our investment
opportunities and the value of our investments. Cohen & Steers9 financial condition may be adversely affected by a
significant economic downturn and it may be subject to legal, regulatory, reputational and other unforeseen risks that could
have a material adverse effect on Cohen & Steers9 (including the Advisor9s) businesses and operations.
A depression, recession or slowdown in the U.S. real estate market or one or more regional real estate markets, and to
a lesser extent, the global economy (or any particular segment thereof) would have a pronounced impact on us, the value of
our assets and our profitability, impede the ability of our assets to perform under or refinance their existing obligations and
impair our ability to effectively deploy our capital or realize upon investments on favorable terms. We would also be
affected by any overall weakening of, or disruptions in, the financial markets. Any of the foregoing events could result in
substantial losses to our business, which losses will likely be exacerbated by the presence of leverage in our capital
structure or our investments9 capital structures.
During 2024, the Federal Reserve Board (
