Single-family rental (SFR) homes promise to be a hot commodity in 2022. Investors long to finance or buy them. Families and individuals covet them. Developers are scrambling to find land to build them. Never mind the barrage of negative press in all manner of media, where unsettling news stories trumpet financial dead ends for renters […]
In March 2020, the world went into lockdown as COVID-19 was declared a global pandemic. Two years have since passed and, despite the rise of new COVID-19 variants, the U.S. economy grew in 2021 at its fastest pace since 1984, driving the U.S. commercial real estate markets to a remarkable recovery. U.S. commercial property sales […]
Global travel is not back where it was, but there are signs of a recovery, with activity up in 2021 relative to the lows of 2020, according to a report by Tourism Economics. Some of this recovery will include overseas tourists visiting the United States, which would certainly help the performance of real estate in […]
COVID-19 has had a profound impact on the real estate market, with capital shifting increasingly toward the residential and industrial sectors and away from office and retail. To remain flexible in this environment, Partners Group combines its thematic investment approach — targeting subsectors that benefit from transformative trends — with situational investing in opportunities that […]
Unlisted real estate funds arguably offer a closer experience to investing in the private real estate market directly than listed vehicles such as REITs. The units or stakes in unlisted funds are generally priced with reference to net asset values (NAV), whereas REIT share prices can fluctuate significantly around NAV and be influenced by trends […]
COVID-19 has served as an accelerant to certain demand drivers that were in place pre-pandemic, impacting occupier usage. Uncertainty exists among real estate investors regarding future space utilization resuming at pre-pandemic “normal” conditions. How and what can investors do to ensure they are capturing future occupier and investor trends that will shape real estate, from […]
Real estate executives took the stage at IREI’s 2022 Visions, Insights & Perspectives (VIP) – Americas conference, held Jan. 24–26 in Carlsbad, Calif., to share their insights on the commercial real estate industry, covering such topics as inflation, alternative property types, gateway and non-gateway cities, sustainability and climate change, and valuation trends within the four […]
The U.S. economy added 467,000 jobs in January — ahead of expectations — and the unemployment rate was 4.0 percent, according to the Bureau of Labor Statistics. In addition, the job gains in November and December were revised up substantially, to 647,000 and 510,000, respectively. By employment category, the biggest gains were in leisure and […]
The health crisis has driven the alignment of factors that coalesced into record rental housing performance, according to Marcus & Millichap. Last year, multifamily properties delivered record low vacancy rates, record rent growth and record price appreciation in numerous markets across the United States. Many of the economic and societal trends that drove these stellar […]
Real estate secondary transaction volume reached a record $10.6 billion during the full year of 2021 due to persistent growth of fund and property portfolio recapitalization transactions, coupled with a rebound of LP interest transactions, according to a recent analysis from Landmark Partners. This represents a 24 percent increase over the previous record of $8.5 […]
The quarterly total return for the NCREIF Property Index (NPI) was 6.15 percent for fourth quarter 2021, which consisted of 1.03 percent from income and 5.12 percent of appreciation. This was the highest appreciation in the history of the NPI, which began in first quarter 1978. Appreciation is after the deduction of capital expenditures. Market […]
Following a fundraising surge that posted a record-setting third quarter total of $40.8 billion, fourth quarter 2021 raised $64.8 billion, the highest fourth quarter total ever recorded, according to the IREI.Q database. In addition to being a record-setting fourth quarter total, the amount raised is also the second-highest quarterly total ever, just behind the mark […]
Probably the most important decision you as investors ever have to make is about with whom to associate and work. In making those decisions, of course, it’s not about what potential partners say; it’s about what they actually do. As noted on several occasions in past columns, you can’t “trick” or “incent” someone into aligning […]