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The strong warehousing sector was always going to retract as retail markets returned closer to normal.
It's a mixed bag that won't make the Fed feel entirely warm and fuzzy.
Insurance is 8% of operating expenses for multifamily properties.
Early predictions were based on a 'once in a century' profile.
The additional investment heft adds enough bulk to approach the size of Blackstone, Apollo Global Management, and KKR. Industrial assets could make it a number 3 behind Blackstone and Prologis.
First it was dropping, now it's rising. No one can reliably predict where it's going.
As a result, average annual rent growth was 4.2%.
Bond traders are sending prices down, as yields rise.
Larry Summers and others say a 50-basis-point rate cut was a mistake.
Things are improving but still far off pre-pandemic baselines.