Ukraine Crisis Reverberating Across the Globe; 
U.S. Real Estate Positioned to Withstand Impacts 

A wide range of economic consequences could emerge from the ongoing humanitarian, social and political crisis unfolding in Ukraine. Setting aside worst-case scenarios, the war in Ukraine likely holds little direct risk to U.S. commercial real estate. Although some ripples will likely be felt by investors, hard assets have historically demonstrated durable results in times of turbulence and uncertainty.