• Bank of America’s 2026 Specialty Asset Management outlook flagged renewed opportunity in commercial real estate, farmland, timberland, and energy as real assets regain appeal as diversifiers in volatile markets.
• Commercial real estate was described as nearing an inflection point following the 2022 rate-driven reset, with vacancies largely peaking, forward supply muted, and transaction activity improving as more capital returns.
• Farmland was characterized as entering a recalibration phase after several years of gains, with near-term pressure from excess commodity supply easing versus a year ago and value opportunities cited in select regions such as California and the Northern Plains.
• Timberland fundamentals were portrayed as stable despite 2025 housing-related headwinds, with improving housing demand expected to support long-term value appreciation and a preference for active management over buy-and-hold.
• Energy markets were framed around rising 2026 electricity demand tied to AI, data centers, and electrification, with natural gas positioned for a larger role as grids face capacity strain and oil remains subject to geopolitical and supply uncertainty.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Bank of America Corporation published the original content used to generate this news brief on May 20, 2026, and is solely responsible for the information contained therein.