Commentary

Higher interest rates and a slower economy have revalued public REIT prices but not private commercial real estate values.

Cap rates will increase and in the case of multifamily and industrial they will increase significantly.

"Loss to lease" is the gap between today's market asking rents and the average in-place rent.

Despite macroeconomic uncertainties and capital markets volatility, remarkably the post-pandemic related travel boom shows little signs of tapering off.

CRE players require a special skill set that is not easily achieved.

Investors seeking a relatively safe-haven vehicle should look more closely at the advantages of Up and Down REITs.

The flight to quality bodes well for some buildings but older offices will need a rethink.

It is inflation that is contributing to weakened consumer confidence and heightened uncertainty.