NREI last conducted research into the brokerage sector in 2015, in the midst of a heavy wave of consolidation within the industry. It’s now four years later and we thought it was worth revisiting sentiment among brokers on how they feel about the current state of their firms, how the bigger entities are working and whether they expect to see more mergers and realignment in the future.
The competitive bridge lending space shows no signs of slowing down. In fact, bridge lenders remain well-capitalized, with still more money entering the sector. Bridge lenders appear to have plenty of access to dry powder to continue to satisfy borrowers’ demand for capital to finance transitional rehab and construction projects. “The market is more than crowded, it’s overflowing,” says Elliot Shirwo, founder and principal of BridgeCore Capital, a direct private bridge lending.
Self-storage developers are fighting over empty big-box stores. “Retail stores provide excellent opportunities for self-storage developers,” says Tara Jeffcoat, senior research analyst with data firm Yardi Matrix.
Foreign investors continue to spend money on apartment properties in the U.S., even while they may be slowing down on purchases of assets in other sectors.
The National Apartment Association (NAA) just released its Income & Expenses Report for 2019. Here are the key findings from NAA’s research, which was based on financial statements for the year 2018.
Inland ports—multimodal facilities paired with distribution centers—are bustling with activity and may offer higher-yield investment opportunities than properties in some primary markets with compressed cap rates. “Promising long-term fundamentals and the critical role inland ports play in logistics are worthy of note,” says Jason Tolliver, managing director of investor services at real estate services firm Cushman & Wakefield.
In the past few years, we’ve seen an uptick in private investors that were focused solely on single-tenant retail branch out and expand into multi-tenant product at a more rapid pace as they chase yields. It’s seemingly a natural progression, but prior to about 2015, it was perhaps a bit less common for the private investor segment.
Five potential buyers have sent letters expressing interest in all or part of Barneys New York Inc. as the bankrupt luxury retailer tries to sell assets and avoid liquidation, according to people with knowledge of the matter.
