The multifamily housing cycle
December 14, 2015 — I like to cycle. Riding a bicycle is good exercise, a great way to get around locally and often a temporary respite from the pressures of modern life. If that surprises you — if you think of cycling as an activity mainly for younger people — you’re behind the times. In fact, older Americans, between the ages of 60 and 79, were responsible for 37 percent of the increase in bike trips between 1995 and 2009, as cycling among this group rose 320 percent during that time, according to the National Household Travel Survey.
The Private Credit Opportunity
December 12, 2024 — The commercial real estate private credit market in 2025 is poised for significant growth. As banks continue to tighten lending, there is a promising gap where private lenders can step in. The chart below shows the current participants and size of the CRE debt outstanding.
Charting a Course Amid Uncertainty: The New Reality for CRE Investors
September 9, 2024 — As we approach the final quarter of 2023, the commercial real estate (CRE) market continues to face significant challenges. For two decades, historically low interest rates have made property investments more accessible, leading to a period of robust property valuations. However, it is becoming increasingly evident that this era is ending. Here are five factors to consider as we navigate the current market.
Ten Lessons from 15 Years Running Summer Street Advisors
September 9, 2024 — It has been a wild ride. In 2009, during the height of the Great Financial Crisis, Summer Street Advisors was founded. Fifteen years later and we would not be where we are today without our clients, partners, and team members. We are proud to have worked with over one hundred clients and underwritten over fifty billion in transactions.
An Economy and Property Markets in Flux Calls for an Important Shift in Priorities
October 10, 2023 — After the Federal Reserve’s latest 75-basis point increase in September, the federal funds rate rose to 3.25 percent and the 10-Year Treasury yield rose to 4.22 percent, the highest level since July 2007. With these rate increases to calm inflation, the Federal Reserve risks damaging the commercial real estate market and credit markets.