The AFIRE Podcast

AFIRE
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The AFIRE Podcast

AFIRE is the association for international real estate investors focused on commercial property in the United States. www.afire.org

  1. Middle Market Alpha

    3 DE FEV.

    Middle Market Alpha

    Neville Rhone, Jr. is the co-founder and managing partner at Arc Capital Partners, a leading institutional real estate owner and investment manager. Arc is focussed on converting mixed-use properties instead of tearing down and building new. Rhone also is someone who’s poised to find opportunities in challenging environments. So where are these opportunities hiding? ”Everything that we do is in the middle market,” says Rhone, who goes on to explain that the middle market is often overlooked. “Blackstone is not paying attention to it; Brookfield is not paying attention to it.” The middle market often is “too complicated for the smaller investors,” so they also miss out on great opportunities. In Neville Rhone, Jr.’s compelling conversation with AFIRE CEO Gunnar Branson, the two men discuss where the best investment opportunities are hiding in 2025—and why a fresh perspective on investments in this upcoming cycle is so beneficial. Key Moments 00:00 AFIRE CEO Gunnar Branson intro. 01:02 Branson introduces Neville Rhone, Jr. Managing Partner at Arc Capital Partners 02:12 Where are the best opportunities for attainable housing? 06:12 How does Arc approach infill urban areas and create more attainable market-rate housing? 11:07 How does Arc encourage thinking about unconventional investment opportunities in a challenging environment? 15:42 How does Rhone help investors understand that this middle-market approach is a wise, risk-adjusted approach? 26:24 Why should building owners care about sustainability in their investment approach? 29:43 Where are the opportunities hiding in 2025?

    33min
  2. The Dawn of a New Real Estate Cycle

    23 DE JAN.

    The Dawn of a New Real Estate Cycle

    Brian Klinksiek thinks we’re turning a page to a new market in 2025. “Even with what’s happened with long interest rates, there’s so much other stuff,” says Klinksiek, the global head of research and strategy at LaSalle Investment Management. “We’ve got prices more in line with where bond markets are… we have valuations that have caught up with prices, the denominator effect that is resolved, you’ve got property market fundamentals improving for the beat-up sectors.” The new market makes real estate investing more complex, according to Klinksiek. The task in 2025 involves selecting from a more extensive breakfast menu of options, similar to that of a New York diner—so-called, Klinksiek says, because while there’s a lot of choice, some of them are a little dodgy, and you certainly don’t want all of them. Making the correct selections on where to invest is more difficult when more sectors are returning to investability. Take office, Klinksiek says. During the pandemic, the link broke down between office-using job creation and occupied square footage. “And what we see now is the beginning of it starting to reassert itself—the link is coming back.” Which means that Klinksiek expects people returning to office “will start to eat away at the mound of vacancies” in 2025. He also likes data centers in the short term, although he believes that innovation will limit the sector’s growth at some point in future. Listen or watch the episode on your favorite platform at: https://www.afire.org/podcast/202508cast/ Key Moments 00:00 AFIRE CEO Gunnar Branson intro 01:24 How should investors approach CRE trends in 2025? 05:02 Will office surprise investors in 2025? 08:52 Will data centres continue to be the star player in CRE in 2025 despite scarcity?

    14min
  3. What Real Estate Investors Need to Know about Digital Rights and Augmented Reality

    19 DE JAN.

    What Real Estate Investors Need to Know about Digital Rights and Augmented Reality

    The next five years are expected to bring groundbreaking tech advancements in augmented (AR) and virtual (VR) reality. Real estate—a traditionally unhurried adopter of new tech—isn’t immune to this shift, and while this could bring about new revenue streams for property owners, it also creates potential liabilities. Are real estate owners prepared? To learn the answer, we consulted with Neil Mandt. In addition to being a speaker at the AFIRE Winter Conference, Mandt is a five-time Emmy winner and the founder & CEO of Digital Rights Management, a tech platform offering property owners risk analysis and licensing opportunities from digital media companies. Mandt warns real estate owners to start thinking about securing the digital rights of their property. "Buildings are not the only real estate in the world," Mandt says on this episode of the AFIRE podcast, signalling the approach of a new age for property owners as augmented and virtual reality applications become more prevalent through society. AFIRE CEO Gunnar Branson sat down with Neil Mandt to discuss digital media rights licensing and what that could mean for real estate owners and investors.

    58min
  4. Jim Costello on how the Trump Administration will affect CRE in 2025

    16 DE JAN.

    Jim Costello on how the Trump Administration will affect CRE in 2025

    In 2024 commercial real estate investors were confronted with tremendous changes. What’s the biggest change that will surprise us in 2025—and how should the investment community adjust to those changes? That’s just one of the topics we tackle in the latest episode of our podcast series talking with commercial real estate experts about the year ahead. Jim Costello is the Chief Economist for MSCI Real Assets—and someone who always has a measured and data-driven forecast of what’s going to happen in the US real estate market, especially as it pertains to cross-border investment. “If people are not taking a dispassionate point of view…and taking a full look at the range of potential changes, they’re going to be shocked and surprised,” explains Costello. How will the new administration’s policies affect trade? Tariffs? Tax policies? Will they decrease regulatory burdens? And how will that affect inflation? “Those are real concerns,” says Costello. “But any policy change can cut two ways… there are other things that other types of investors are excited about”—and both Branson and Costello describe them in detail in this special mini-episode of the AFIRE podcast. Other themes: What are the surprising bets Jim Costello would make in 2025? Why office could surprise us in the year ahead How will migration patterns change in the US in 2025?

    13min
  5. Melissa Román Burch on the 2025 New York Office Market

    12 DE JAN.

    Melissa Román Burch on the 2025 New York Office Market

    Contrary to reports of the death of office, demand for certain classes of office space is coming back so strong that New York City developers are struggling to meet the demand. Melissa Román Burch is New York City Economic Development Corporation’s Chief Operating Officer, and says, “Office is making a comeback. We fundamentally do not have enough class A and A+ office space in New York City, and we have too much class B and C.” In fact, Burch says New York currently has 2.4 million square feet of office space under construction that will be delivered by 2026—and almost 80% of that space already is spoken for. “So, what we’re going to see really unlock for New York City in 2025 is continued investment into modernizing office space and delivering new,” explains Burch. “We need to do this because we know that New York City will continue to be powered by a very strong economy, excellent job growth, and a global center for work.” Other themes: - How sustainability plays a part in office resurgence - What class A and A+ buildings will look like in 2025 - How class A and A+ buildings attract different usage patterns - How office can drive investor interest in underserved areas Watch the video or listen to the audio episode for answers.

    12min
  6. Spencer Levy on 2025 US Real Estate Trends

    12 DE JAN.

    Spencer Levy on 2025 US Real Estate Trends

    How will we get out of the problems in the office sector in the US? How will we solve the housing crisis? Will we see an escalating environment of global trade tensions getting in the way of cross-border investing? What do you do if you can’t count on dropping interest rates? Spencer Levy is the global client strategist and senior economic advisor at CBRE—and someone who’s never afraid to tell you what he thinks. In the latest mini-episode to post in our series about commercial real estate in 2025, he answers these questions and more. “I think the big thing is that for the last ten years, a lot of people in our business did a lot of successful, profitable deals because cap rates were compressing,” Levy says. “Cap rates have now expanded… so next year, and probably for the next several years, we’re going to see who are the really good real estate operators.” Other themes: - Why it’s going to be more of a sub-sub-market selection game - Why office will surprise us in 2025 - Why appraisers and regulators need more love in 2025 Watch the video or listen to the audio episode for answers.

    11min
  7. Rebecca Rockey on the 2025 CRE Forecast

    9 DE JAN.

    Rebecca Rockey on the 2025 CRE Forecast

    We left 2024 expecting surprises from political change and geopolitical shifts. But according to Rebecca Rockey, Deputy Chief Economist and Global Head of Forecasting at Cushman & Wakefield, the actual surprise in store during the year ahead may be how little things change. For example, some anticipate a widespread sell off of distressed commercial real estate assets in 2025. But Rockey believes the pace will be much slower than many expect. Rather than a cliff event, she predicts a slow burn that continues well into 2026 and perhaps even into 2027. “I don’t think we will have a shortage of surprises out of DC,” says Rockey, who lives in the area. “But I think there are forces in motion that are going to play out next year, regardless of what’s happening in the policy environment.” “…specifically around the capital markets, which are a defining feature of this cycle for commercial real estate. We’ve clearly gone through some repricing, we’ve seen capital sources start to shift around in response to that, and as we move forward this year those shifts in capital sources will continue to play out—and I think those changes will be much more prolonged than just 2025.” Other themes: What shifts does Rockey expect in the capital markets? Will distressed deals tick up in the year ahead—and by how much? Where the best opportunities are hiding in 2025? Watch the video or listen to the audio episode for answers.

    13min
  8. Byron Carlock on CRE Opportunities in 2025

    8 DE JAN.

    Byron Carlock on CRE Opportunities in 2025

    Our special New Year series provides themes to monitor in the year ahead for commercial real estate investors. This episode of the AFIRE Podcast features R. Byron Carlock Jr., PWC’s former US real estate leader and AFIRE’s current director of legal and tax, discussing the most important investment to make in 2025. AFIRE CEO Gunnar Branson asks Carlock: You can make one bet in 2025—what is that investment you’ll make this year? What is it that commercial real estate investors need to worry about in 2025? Will 2025 be the year that regulators grow more comfortable with density in our cities? How should investors be thinking about the next five to ten years? Who will be the leaders in real estate investing over the next 10 years? What do you hope will happen for our built environments in 2025? As we look out at the year ahead—should we expect more surprises from the capital markets? What about politics? Geopolitics? Will we see more friction for cross-border investing—or less? Watch the video or listen to the audio episode for answers.

    11min
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    AFIRE is the association for international real estate investors focused on commercial property in the United States. www.afire.org

    Informações

    • Criado por
      AFIRE
    • Anos de atividade
      2020 - 2025
    • Episódios
      155
    • Classificação
      Livre
    • Copyright
      © All rights reserved
    • Site do podcast
      The AFIRE Podcast

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