Transparency May Be a Challenge, But Investor Trust Is a Worthy Goal
November 20, 2014 — Real estate investment managers are under pressure to disclose fees and expenses to investors in greater detail than ever before. Transparency is good for our industry. But how much disclosure is enough—and how much is too much—in a sector with extremely active asset management and a history of long-term relationships between investors and managers?
CMBS Delinquencies Are Still on the Mend
October 21, 2014 — As 2014 CMBS issuance volume appears on track to break last year’s post-recession record, it’s worth remembering that we’re still digging out from the last big wave of issuance.
Seeking Balance Between Capital Supply and Space Demand
August 28, 2014 — The U.S. commercial property market is facing an unprecedented wave of investment capital that portends increased competition for existing properties and capital for new development. That bodes well for the commercial real estate sector in the next few years. But as investors ride the rising tide of property values, it’s important to remember that waves eventually crash, and can wipe out the unwary.
Watching Global Capital Markets for Clues on Real Estate Performance
August 27, 2014 — On July 31, the Dow Jones Industrial Average dropped 317 points, erasing all of 2014’s gain, mainly on news that Argentina would default on part of its debt for the second time in 13 years. But just three weeks later, even as the Argentina situation worsened, the Dow recovered from its initial loss and crossed the 17,000 mark again.
Real Estate Advisors Consider Effects of Dodd-Frank Implementation
June 23, 2014 — Dodd-Frank, the most sweeping financial industry reform since the Great Depression, is aimed at banks and investment banks, but it also has big implications for commercial real estate investment managers, some of which are still in the process of being clarified.