When a sale-leaseback strategy is presented with investors, a question that sometimes comes up is: “Should I put this investment in my credit allocation or my real estate allocation?”
One of the fascinating things about timberland is the resilience of its investment thesis.
Demographic and economic changes are altering the way people live and, in turn, the demand landscape for housing.
The wall of rolling commercial real estate (CRE) loans is turning up the temperature in a debt market that is already feeling significant heat from higher rates and less liquidity.
When business districts hollowed out at the height of the COVID-19 pandemic, and downtowns became ghost towns, a top-flight office building in a gateway city, filled with blue-chip financial clients, lost its luster. Those assets, once the ideal institutional holding, suddenly became liabilities.
Since the Federal Reserve began its monetary policy tightening cycle in March 2022, the benchmark interest rate increased from a range of 0 percent to 0.25 percent to a range of 5.25 percent to 5.50 percent. This increase in financing costs has sent reverberations throughout the ecosystem of commercial real estate by decreasing the availability of financing from commercial banks and slowing real estate transaction volumes and construction activity.
Not everyone who reads this column is responsible for managing people, but at some time in your career, if not now, you may be called upon to do so. Ferdinand Fournies, the author of the book Why Employees Don’t Do What They’re Supposed To Do and What To Do About It, points out that being promoted into a management role for the first time is akin to being knighted.