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There are ramifications for CMBS bond investors too.
Demand doesn't seem to be an issue.
Brazilians view the region as a "second home."
But the asset class might not still be ideal.
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A strong back-to-school season gave malls a boost this year.
Businesses are opting to open more locations versus a lone store with a new concept.
"I think it gets worse before it gets better."
But the Fed's rate reduction may not have an immediate impact on property values.
A $30 million C-round opens a discussion of what Cherre is doing, and the things clients want.