Many real estate investors are at a strategic crossroads wondering, “do I buy, sell, or hold?”: The commercial real estate market was beaten, broken, and left for dead by COVID in 2020. It roared back to life in 2021 with record-breaking sales of $809 billion, but like cops pulling up to a rowdy frat house all-nighter, the arrival of unrestrained inflation and soaring interest rates may signal the party’s over. That has many real estate investors at a strategic crossroads wondering, “do I buy, sell, or hold?” Privately owned commercial real estate has historically offered a strong hedge against inflation.