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Fed signals a patient path on rate cuts•Data-center power crunch reshapes site selection•Multifamily supply wave peaks in Sun Belt•Industrial last-mile assets reprice•Record dry powder waits on the sidelines•Fed signals a patient path on rate cuts•Data-center power crunch reshapes site selection•Multifamily supply wave peaks in Sun Belt•Industrial last-mile assets reprice•Record dry powder waits on the sidelines•

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