The head of Brookfield Oaktree Wealth Solutions discusses the RIA landscape and how alternatives have shifted from institutional to individual investors.
In addition to higher income from rent and steady dividends, BREIT’s February returns benefited from hedging positions that added value as interest rates rose. Commercial real estate prices fell 1.4% across all asset classes in February and are down 15% in the trailing 12 months, according to Green Street.
The university is proposing to deploy $2 billion to buy or finance buildings near its 10 campuses, including dorms, faculty housing, classrooms and lab space. The properties would be “strictly investment assets, acquired at market rates” and managed by an in-house team, according to a summary prepared for Thursday’s meeting of the university’s Board of Regents.
After months of weak buyer interest, agents began seeing larger crowds at open houses in January and getting multiple offers above asking price on their listings. By early March, though, climbing mortgage rates, plunging stock prices and mushrooming Big Tech layoffs tempered hopes for a spring rebound. Then came last week’s run on the bank that was intricately tied to the region’s massive explosion in wealth.
Real estate investors pulling money out of Signature Bank contributed to the bank’s collapse, reports The Wall Street Journal. Short interest against SL Green has risen amid the struggles of the office sector, according to The Real Deal. These are among today’s must reads from around the commercial real estate industry.
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