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Based on the most helpful WSO content, REGAL (Real Estate, Gaming, and Lodging) groups are not necessarily struggling. For instance, Wells Fargo's REGAL group is consistently performing well, hitting league tables and being recognized as one of the best groups at the bank. Additionally, BAML's Real Estate IB group is considered one of the top three on the street for real estate exit opportunities.

While the real estate market may face challenges, top REGAL groups at leading banks continue to maintain strong deal flow and placement opportunities, particularly in areas like REPE (Real Estate Private Equity) and other related sectors.

Sources: Other than BBs, what are the best real estate Investment Banking groups, BAML IB Groups (NYC), Real Estate, Leisure, Lodging IB Groups, Top Real Estate IB groups, Wells Fargo REGAL

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