Real Assets Purpose Analyze real estate and infrastructure investments including REITs, direct property, and infrastructure assets. This skill covers property valuation using NOI and cap rates, REIT-specific metrics (FFO, AFFO), leverage analysis, and the stable cash flow characteristics of infrastructure investments. Layer 2 — Asset Classes Direction both When to Use - User asks about real estate investing, property valuation, or REITs - User asks about cap rates, NOI, or cash-on-cash returns - User asks about REIT valuation (FFO, AFFO, P/FFO) - User asks about real estate sectors (residenti…