Bailard, Inc.

The temptation in volatile markets is to treat the moment as unprecedented and either freeze or reinvent. Sonya Mughal's view, shared in a recent Chief Executive Group feature: that instinct is usually the mistake. https://bit.ly/4uCSCwa Kindly note: Bailard does not endorse or control, either expressly or implicitly, the content posted by any third party and disclaims all comments made or information provided by non-Bailard employees.

Three areas worth paying attention to this quarter, in the Q1 edition of “the 9:05”: • What’s driving markets beneath the surface • Making sense of Social Security timing decisions • Where state estate and inheritance taxes come into play Read more: https://lnkd.in/ekyvg67s

You learn a lot more walking a job site than reading a report. Tess Gruenstein (co-head of real estate) and Jun Omiya, analyst, recently spent some time on site at Bailard’s newest development. The multifamily development project will deliver 138 high-end apartments in downtown Downers Grove (suburban Chicago) mid next year. This is what active management looks like on the ground. Staying close to the work, asking questions early, and making decisions alongside our operating partners. It's how we aim to reduce surprises and protect outcomes over time. Kindly note: All investments have the risk of loss. Past performance is no indication of future results. There is no guarantee that any investment strategy will be successful. This does not constitute, and should not be construed as, an offer to sell any securities or interests by Bailard.

20 of our colleagues joined GLIDEsf’s Thursday lunch service last week, helping serve 1,075 meals with the team running this crucial program, week in and week out. A hands-on reminder of what consistent, community-rooted work takes. We’re grateful to support GLIDE through the Bailard Foundation, and to help where we can. #Community #SF Kindly note: The Bailard Foundation has a board of directors led by chairwoman Terri Bailard, widow of firm co-founder Tom Bailard, and comprising both friends of Bailard, Inc. and its employees.

The deals worth finding right now aren't the ones being widely marketed. Broken transactions. Deep value-add situations the market hasn't fully priced. Finding them requires a team that is nimble enough to evaluate one-off opportunities, disciplined enough to underwrite them carefully, and positioned to move when the timing is right. In this clip from our Inside Bailard Real Estate series, Tess Gruenstein explains why the current environment aligns with how the platform has long been built to invest. https://bit.ly/40x9nMt Kindly note: All investments have the risk of loss. Past performance is no indication of future results. There is no guarantee that any investment strategy will be successful. This does not constitute, and should not be construed as, an offer to sell any securities or interests by Bailard.

Large real estate managers often have predetermined allocations. They commit to a geographic focus or property type and build from there, which works until market conditions make that thesis harder to defend. The Bailard approach is different. The team isn't locked into predetermined allocations by property type or geography. Exposures are watched closely, but the mandate is built to follow opportunity rather than defend a predetermined thesis. In this clip from our Inside Bailard Real Estate series, Alex Spotswood explains how that flexibility has shaped the platform and why it matters in the current environment. https://bit.ly/41ey9Ry Kindly note: All investments have the risk of loss. Past performance is no indication of future results. There is no guarantee that any investment strategy will be successful. This does not constitute, and should not be construed as, an offer to sell any securities or interests by Bailard.

It’s PENSION REAL ESTATE ASSOCIATION (PREA) week. Ben Lathrop is headed to Nashville this week to represent Bailard real estate at PREA’s spring conference, spending time with investors and partners across the industry. A growing share of dialogue is around where capital is beginning to re-engage, and how investors are approaching timing and opportunity. Should be a good one. https://lnkd.in/emyGHVMB #PREA #SpringConference #InstitutionalRealEstate Kindly note: All investments have the risk of loss. Past performance is no indication of future results. There is no guarantee that any investment strategy will be successful. This does not constitute, and should not be construed as, an offer to sell any securities or interests by Bailard. Bailard does not endorse or control, either expressly or implicitly, the content posted by any third party and disclaims all comments made or information provided by non-Bailard employees.

Most real estate investors don't find out how closely their assets were managed until something goes wrong. Active management means being close enough to the properties to get ahead of problems rather than respond to them. In this clip from our Inside Bailard Real Estate series, James Pinkerton describes what that looks like day to day: working directly with tenants, monitoring expenses, and consistently looking for ways to improve the underlying investment. It's the kind of attention that doesn't always show up in a quarterly report but tends to show up in returns. https://bit.ly/4lySeLK Kindly note: All investments have the risk of loss. Past performance is no indication of future results. There is no guarantee that any investment strategy will be successful. This does not constitute, and should not be construed as, an offer to sell any securities or interests by Bailard.

State “millionaire tax” proposals are making headlines across the country. In Financial Planning, our Director of Estate Strategy, Dave Jones, shared an important reminder: planning decisions are about more than chasing tax outcomes. They involve family, values, and long-term priorities. Good planning starts with a thoughtful conversation. https://bit.ly/40IRKco #financialplanning #financialadvisor Kindly note: Bailard does not endorse or control, either expressly or implicitly, the content posted by any third party and disclaims all comments made or information provided by non-Bailard employees. Neither Bailard nor any employee of Bailard can give tax or legal advice and this should not be construed as, or relied upon for, tax or legal advice.

Sonya Mughal has been named Women in Wealth Advocate of the Year (Individual) by the 2026 With Intelligence Private Asset Management Awards — recognizing individuals who champion the interests and participation of women in wealth management. With 48% of our VPs and above being women, that's our "do-what-is-right" ethos in action. Congratulations, Sonya! https://bit.ly/3N2srPm #PAMAwards #WomenInWealth Kindly note: These recognitions do not evaluate the quality of services provided to clients and are not indicative of Bailard’s future performance. No entry fee, and winners were announced February 2026. Winners are selected by a panel of wealth managers, advisors, and industry professionals through a rigorous judging process. Additional details here: https://lnkd.in/ep8XjEcx