AFIRE

OUT NOW: The first-annual Summit Journal Mid-Year Almanac, providing a state of the market update for asset classes across the entire real estate spectrum. Sponsored by Cerberus Capital Management and Principal Asset Management, with fresh insights from American Realty Advisors, Barings, Bridge Investment Group, Yardi, Heitman, Newmark, Cushman & Wakefield, Madison International Realty, and JLL reporting on multifamily, office, hospitality, data centers—and everything in between. https://lnkd.in/gaNmgk7e

The once sizzling market for #multifamily properties in the #Southeast and #SouthwestUS has chilled, creating cracks in the capital stacks of owners—and possible opportunities for investors. That's the conclusion of the multifamily #Sunbelt asset class update by Dags Chen and Lincoln Janes, CFA at Barings Real Estate. Find out more about the opportunity in Sunbelt multifamily: https://lnkd.in/gJ-HitRY Thanks to our sponsors: Principal Asset Management and Cerberus Capital Management. #usrealestate #commercialrealestate

The multifamily sector is generating some puzzling indicators. So how is it expected to perform over the next few quarters? American Realty Advisors managing director Sabrina Unger and assistant vice president Britteni Lupe provide their mid-year asset class update in the latest Summit Journal. Read it here: https://lnkd.in/g_QPEzeM #multifamily #commercialrealestate #USrealestate #realestateinvesting #investmentstrategy

Logistics has a track record as one of commercial real estate's hottest sectors. So where are things headed over the next few quarters? The BLP - Bridge Logistics Properties team of Jay Cornforth, Jack Robinson, Morgan Zollinger and Cole Nukaya provide the latest asset class update from AFIRE Summit Journal 15, making the case that the US logistics sector is well-positioned as occupancies stabilize and expiring leases create opportunities, particularly in such #gatewaymarkets as: • Southern California • Northern New Jersey/New York • South Florida Check out the full article: https://lnkd.in/gutzqY_K #logistics #realestate #commercialrealestate #USrealestate #AFIRE

Has the office sector hit bottom? Mosaic Real Estate Investors CEO Ethan Penner, the latest guest on the AFIRE Podcast, says no. Yet Penner and his business partner, Chad Carpenter, recently announced a new US office-focused real estate finance company, Reven Office REIT, to raise $1 billion to provide owners and investors with bespoke financing solutions. “Office is a very complicated investment asset today,” Penner says. “It’s something that has inspired fear in investors, and rightly so. But what’s interesting is that when fear becomes pervasive, markets are abandoned. And of course, babies are thrown out with bathwater.” Penner and his partners are trying to find those “babies”—the office investments that continue to have upside, despite ongoing challenges for the sector. In this episode of the AFIRE podcast, Penner explains his sometimes counterintuitive take on the health of the office sector with podcast host and AFIRE CEO, Gunnar Branson. Watch or listen to the episode here: https://lnkd.in/grkZUeyi #office #commercialrealestate #USrealestate #AFIRE

It's among the hottest sectors in commercial real estate: Data centers, where capacity is set to triple by 2030—and yet it's still not enough to meet demand, according to Casey Miller and Ben Wobschall, the authors of the sector's asset class outlook in the latest issue of Summit Journal. So will data centers be able to support tomorrow's workloads? Are data centers a viable asset class for institutional investors? And what's the most viable way to enter the market? Miller and Wobschall, both Managing Directors of Portfolio Management at Principal Asset Management, answer all these questions and more. Read the article: https://lnkd.in/gvNnaza5 Thanks to the sponsors of Summit Journal 15: Principal Asset Management and Cerberus Capital Management. #datacenters #AI #realestate #commercialrealestate

With favorable demand driven by demographics and social trends, the institutional single-family rental asset class is poised to become a growing sector in the commercial real estate market, argues Yardi Matrix director of U.S. research, Paul Fiorilla. Drivers include: • Work from home, with homes having extra space compared to apartments, making them more conducive to quieter work environments. • Growing families that were in apartments but want more space for children and/or pets. • Renters that want the flexibility to move for job opportunities. • Downsizing empty-nesters who want single-family home amenities but don’t want the burdens of maintenance. • Households that would like to own but cannot afford to buy. In fact, based on Q2 2024 interest rate levels, the cost of owning a median-priced home with a 30-year mortgage is about 40% more expensive than the average US rent—the biggest gap between the two in recent decades. That keeps many first-time homebuyers in rentals. Learn more about where Fiorilla thinks the sector is going at his full article: https://lnkd.in/g8TuZaYE This issue of Summit Journal is sponsored by Cerberus Capital Management and Principal Asset Management. #affordablehousing #singlefamilyrental #multifamily #commercialrealestate #housingcrisis

Just posted: Cerberus Capital Management Managing Director Kevin Harrell's asset class update in single family rentals. The US single family market is the world's largest and most diverse real estate asset class, at $36 trillion. Yet the class remains underinvested, with institutional ownership accounting for less than 3%. Where is the market headed? Find out in the full article: https://lnkd.in/gKHB9zmb Article author Kevin Harrell is Managing Director for Cerberus Capital Management, a pioneer in alternative investing with approximately $60 billion in assets across complementary credit, private equity, and real estate platforms. This special Almanac issue of Summit Journal features a sector-by-sector update describing the performance of key asset classes. Thanks to our sponsors, Cerberus Capital Management and Principal Asset Management. #commercialrealestate #singlefamilyhomes #singlefamilyrentals #USrealestate

Hot on the tails of our newest Summit Journal, released earlier this week, AFIRE is now seeking proposals and article drafts for the next issue, to be released this September at the AFIRE 2024 Annual Member Meeting. This is an open call for article and research submissions addressing any topic of interest across the commercial real estate spectrum. Topics may include: - Asset class updates and insights (e.g., multifamily, industrial, office, etc.) - Macroeconomic trends and capital markets analyses - Climate change topics, including migration, insurance, and resilience - Geopolitics, global affairs, and cross-border investment - Regulatory updates (e.g. expanding role of CFIUS) - Infrastructure investment, urban design, and development . . . and any other topics you consider of interest to investors, investment managers, and users of the built environment. We are accepting both proposals and draft articles for consideration with a deadline of July 20. If your proposal is accepted, functional drafts of approximately 1,500–2,500 words with a deadline of August 10. Submit your proposals directly to Summit Journal Editor-in-Chief Benjamin van Loon, CAE at [email protected]. All formats accepted. And for reference, visit the latest issue of Summit Journal here: https://lnkd.in/dKEiQye #commercialrealestate #capitalmarkets #urbandesign #climatechange #geopolitics #infrastructure #macroeconomics

Black swans are near-impossible to predict events that majorly disrupt the market. So how can commercial real estate investors construct asset portfolios that minimize exposure? Heitman senior advisor Mary Ludgin has answers. In fact, Ludgin's been thinking about black swans throughout her nearly 35-year-career, and in the latest episode of the AFIRE Podcast, she provides some valuable lessons in a wide-ranging conversation with host and CEO Gunnar Branson. It's just the thing to inform some big-picture thinking over a summer holiday weekend... Listen and watch here: https://lnkd.in/gM38GM2q #blackswans #USrealestate #commercialrealestate