Commentary

Commercial real estate veterans know that their industry tends to overheat and then correct itself about every 10 years.

Atlanta has largely outperformed similar metros due to the strength of the local economy and more relaxed COVID-19 restriction policies.

There are several factors driving this rebound.

While suburban office transactions now represent a staggering two thirds of all office sales, the balance should normalize by the end of 2023.

On Aug. 4, the Treasury Department, and Internal Revenue Service (IRS) surgically nipped and tucked the regulations governing qualified opportunity zone funds (QOFs) which, while precise and limited to two specific sections, arguably results in a complete face lift to the way QOFs must operate.

Caliber is on a growth trajectory, either through new construction or taking over existing real estate, always in high-population areas with easy access.

The answer? It's complicated.

Over the past 36 months, pawn shop-occupied assets have been quietly traded, experiencing a national cap rate compression of 300 bps, yet this sector is still providing 6%-plus returns.