The role of placement agent is one of relationships and matchmaking — an extensive Rolodex (or LinkedIn profile) is key, as is an understanding of what investors and managers are looking for and how to meet those needs. Amid the COVID-19 pandemic, with its lockdowns and travel restrictions, the role of an experienced placement agent […]
What’s so special about special purpose acquisition companies, or SPACs? That’s a question on the minds of many, as the blank-check fundraising vehicles recently have risen to prominence and domination. The SPAC offers an alternative to the traditional initial public offering process. First, the entity, which operates as an empty shell, raises a pot of […]
Buzz: An atmosphere of excitement and activity. Now, more than in a long time, young American professionals are on the move — driven from their fixed positions in major U.S. cities, and no longer tethered to their physical places of employment. Yes, it is one of the symptoms of the COVID-19 pandemic but, more accurately, […]
Real estate is an institutional asset class in both listed and unlisted forms, yet all too often market participants interpret unlisted real estate through the lens of listed real estate securities, giving significant scope for cognitive dissonance. Modern asset allocation seeks to dynamically deploy capital across competing investments, but fitting real assets into an allocation […]
As the vaccine rollout takes effect, the U.S. economy is set to benefit from several tailwinds through the second half of the year, including the prospect of a full reopening, a boost to spending from accumulated savings and further fiscal stimulus. Latin America will take longer to recover. Real estate tenant demand has turned a […]
I first met Larry Hull 37 years ago, at a State Association of County Retirement Systems conference in Bakersfield, Calif. I was only 33 and working as a regional vice president for Equitec Institutional Realty Advisers, which was at that time an emerging real estate investment management concern. After earnestly trying to sit through a […]
Employees who normally work in an office are experiencing an increased amount of virtual burnout and are increasingly wanting to get back to their official places of work. A JLL survey conducted by CSA Research in March 2021 of 3,317 office workers in companies with more than 100 employees, spanning all major industries and 10 […]
The New York State Common Retirement Fund posted an investment return of 33.55 percent for the state fiscal year, ending March 31. Comptroller Thomas DiNapoli said the return on investments increased the fund’s value to $254.8 billion. “The state pension fund rode the market rebound from the depths of the pandemic and enjoyed the largest […]
Commercial real estate lending activity has reflected a divergence between primary and secondary markets. “I like to think of it as a tale of two cities: secondary metropolitan areas — e.g., Salt Lake City, Pittsburgh, Raleigh, Nashville, etc. — and gateway markets — e.g., New York City, San Francisco,” says Perry Freitas, managing director at […]