Investors with a record hoard of money to finance distressed commercial real estate are finding themselves in a tough spot: There’s nowhere to spend it. The massive wave of defaults expected after the coronavirus shuttered offices, hotels and stores last… Read More
Archives for 2021
2021 Poised to be a Seller’s Market for CRE Assets
Any pricing reductions from the pandemic and economic dislocation will be short-lived. A new survey from CBRE finds that 70% of respondents plan to increase investment by at least 20% this year compared to 2020, but only 30% of investors on… Read More
Investors Grow Desperate to Spend $250 Billion
Rising interest rates are unlikely to push cap rates up this year, counter to what many investors may believe, according to new analysis from Marcus & Millichap. The interest rate on ten-year Treasuries has nearly tripled since the end of… Read More
The Transparency of Investing in Brick & Mortar Real Estate
One of the core truths in value investing is the need to understand the risks involved, and that sometimes the risks are far greater than the rewards. Today, however, investors in the public equity markets are blindly making bets on… Read More
Retail Rent Collections Climb to 90% Since 2020
Retail rent collections are steadily improving. In February, rent collections surpassed 90% among national retailers for the first time since March 2020, when the pandemic began, according to research from Datex Property Solutions. In the same month last year, national… Read More
Retailers Seize the Moment to Open New Stores
For the first time in years, retailers across the country are planning to open more stores than they are closing. From Ulta Beauty and Sephora to Dick’s Sporting Goods, Five Below and TJ Maxx, businesses are rebounding from the Covid… Read More
Are Drive-Thrus the Future of Convenience Stores?
Wawa Inc. is no stranger to testing new store concepts. Its most recent endeavor: drive-thru-only locations. In December 2020, the convenience store operator opened its first drive-thru in New Jersey and, in January 2021, it celebrated the opening of its first standalone drive-thru location in Pennsylvania…. Read More
DST Industry’s Growth Fueled by 1031 Investors
Leading Delaware Statutory Trust (DST) sponsor Capital Square Realty Advisors is coming off of a big year of capital raising. The company raised $356 million in equity and 2021 could be even bigger. The amount of activity the firm has… Read More
COVID-19 Relief Signals New CRE Policy Regime
The newly enacted $1.9 trillion COVID-19 relief package should provide a short-term boost to the commercial real estate industry segments most affected by the pandemic. More broadly, however, it signals the new wave of federal policies that are in store… Read More
The Political Path to Repeal the 1031 Exchange
President Joe Biden’s election has renewed the discussion as to whether 1031 tax deferred exchanges are once again in danger of being repealed or modified to limit its tax benefits. Most supporters of 1031 exchanges expound on its benefit to… Read More