Newmark’s managing director of geopolitical strategy consulting talks about the risks and opportunities the current economic and political climate brings.
At IREM, we recognize the importance of housing choice and access to quality housing that is affordable. We’ve seen how rent control undermines both of these things, making it financially challenging for property owners and real estate managers to meet the needs of their tenants.
MSCI’s Jim Costello and Alexis Maltin warn that while a failure on the scale of the Great Financial Crisis is unlikely, there are signs that trouble may be brewing for real estate investors with upcoming maturities.
The buyout firm, which is also the world’s largest commercial real-estate owner, has agreed the key terms on buying Industrials Reit Ltd., an operator of UK industrial estates whose stock price recently touched a two-year low after falling more than 40% from its peak. Like prime offices, this is a sub-sector where supply is constrained and vacancy rates are low.
The Sao Paulo-based holding is interested in multifamily housing properties and commercial buildings amid a “dislocation” of prices coming out of the pandemic in different markets, including New York and the West Coast, Chief Executive Officer Joao Schmidt and Chief Financial Officer Sergio Malacrida said in an interview.
The plan rests on strategic asset acquisition, proprietary methods of retrofitting buildings and adding solar panels and the long-term payoff from assembling a portfolio of energy-efficient buildings.
Brookfield REIT CEO Zachary Vaughan stepped down to “pursue other business opportunities” reports The Real Deal. Walmart is revamping its supply chain strategy, according to The Wall Street Journal. These are among today’s must reads from around the commercial real estate industry.
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