CRE Exchange: Commercial Real Estate, Property Valuations, Real Estate Analytics and Property Tax Altus Group

In this episode of CRE Exchange, we provide an overview of the latest Fed news, discuss various macroeconomic releases, analyze current market conditions and touch on fixed-income equities. We also examine the commodities market, review current interest rates and discuss recent retail chain closures and downsizing.


Key Takeaways:
01:50 FOMC meeting minutes.
04:41 New home sales update.
06:21 Existing home sales update.
07:41 Durable goods orders’ impact on warehouse demand.
09:33 Capital markets update.
13:27 Retail chains downsizing portfolios.
18:26 Capital market expectations from our Q2 conditions and sentiment survey results.
21:11 Remaining retail earnings.
21:51 Upcoming data releases.


Thanks for listening to the CRE Exchange podcast, powered by Altus Group. If you enjoyed this episode, please leave a review to help get the word out about the show. And be sure to subscribe so you never miss another insightful conversation.


#CRE #CommercialRealEstate #Property

In this episode of CRE Exchange, special guest Ed Pierzak, Senior VP of Research at Nareit, discusses real estate investment trusts (REITs). Originally created in the 1960's, the REIT industry has grown significantly over the decades as it provides accessibility for many investors to invest in real estate. Ed discusses with the hosts Nareit's mission, research initiatives, investment characteristics of REITs, and recent market trends.

Key moments:
01:05 - Ed’s background and path to Nareit
07:56 - Overview of real estate investment trusts
11:07 - Overview of Nareit
12:53 - Biggest areas of focus for Nareit and its membership
15:20 - The status of REITs in American investments
17:29 - What questions is Nareit trying to answer in the market?
19:21 - Trends affecting REITs today
22:37 - Perspectives on REITs in the broader macro environment
26:44 - Nareit’s T-Tracker
27:47 - What are investors looking for in Q1 REIT earnings? 
28:56 - Emerging trends for REITs
31:11 - Recommendations for professionals just starting their careers in commercial real estate
32:08 - About REITweek


Resources mentioned:

Edward Pierzak -
https://www.linkedin.com/in/edwardfpierzak/
Nareit | LinkedIn -
https://www.linkedin.com/company/nareit/
Nareit T-Tracker® | Website -
https://www.reit.com/data-research/reit-market-data/nareit-t-tracker-quarterly-operating-performance-series
REITweek -
https://www.reit.com/events/reitweek/retweek-2024-investor-conference
Contact Nareit -
https://www.reit.com/reit/contact-us


Thanks for listening to the CRE Exchange podcast, powered by Altus Group. If you enjoyed this episode, please leave a review to help get the word out about the show. And be sure to subscribe so you never miss another insightful conversation.


#CRE #CommercialRealEstate #Property

As of this episode (April 30, 2024), approximately 25% of the near 200 publicly-traded REITs in the US have reported their Q1 2024 results. Over the next week, the remaining 75% of REITs will be reporting their results and hosting their earnings calls.

During this episode, we share the more interesting highlights we've heard from REITs that have already been reported. We'll go sector by sector, calling out key takeaways that we noted on a handful of these company calls.

Key highlights:

02:20 Industrial REIT results.
07:28 Office REIT results.
18:46 Retail REIT results.
27:05 Multifamily REIT results.
32:43 Multifamily adjacent - self-storage results.
36:26 Mortgage REIT results.
38:32 Upcoming REIT earnings calls.
39:13 Upcoming macroeconomic updates.

Resources Mentioned:

Cole Perry -
https://www.linkedin.com/in/coleperry1/
Omar Eltorai -
https://www.linkedin.com/in/omareltorai/


Thanks for listening to the CRE Exchange podcast, powered by Altus Group. If you enjoyed this episode, please leave a review to help get the word out about the show. And be sure to subscribe so you never miss another insightful conversation.


#CRE #CommercialRealEstate #Property

On this episode of CRE Exchange, we’re joined by Forum Investment Group’s Founder and CEO, Darren Fisk, and Chief Investment Officer, Jay Miller. They discuss the founding of the company; their perspectives and philosophies on multifamily investment; how the company differentiates itself through its team; Forum’s diverse fund strategy and how this strategy has kept them nimble and opportunity-rich over the past few years.

Key Takeaways:
00:55 Introducing Darren Fisk and Jay Miller.
02:56 The story behind the founding of Forum Investment Group.
09:12 Forum’s philosophy, evolution and key milestones.
20:02 Team and talent dynamics at Forum.
22:48 From equity to debt — creating and delivering diverse investment strategies at Forum.
27:45 Forum’s approach to identifying and assessing opportunities.
31:49 How are the macro and micro-level impacting Forum’s decision-making process?
33:48 What characterizes Forum’s next phase of growth?
38:13 Are there concerns for the multifamily market?
42:29 Major events or catalysts that Forum’s watching out for.
46:04 If you could snap your fingers and change something in the industry, what would it be?

Resources mentioned:

Forum Investment Group -
https://www.forumre.com/
Darren Fisk -
https://www.linkedin.com/in/dfiskforumre/
Jay Miller -
https://www.linkedin.com/in/james-miller-0bba47114/


Thanks for listening to the CRE Exchange podcast, powered by Altus Group. If you enjoyed this episode, please leave a review to help get the word out about the show. And be sure to subscribe so you never miss another insightful conversation.


#CRE #CommercialRealEstate #Property

On this episode, Altus Group's Director of Research, Omar Eltorai, and Senior Market Analyst, Cole Perry, are hosting a special episode of CRE Exchange. They discuss some of the most significant changes and surprises from the latest edition of the CRE Industry Conditions and Sentiments Survey. This quarterly survey is conducted across the US and Canada and provides valuable insights on market sentiment, conditions, metrics and other issues affecting the CRE industry.

Key Takeaways:

01:01 What is the CRE Industry Conditions and Sentiment Survey.
01:56 Expectations for recession.
04:07 Shifts in capital deployment.
05:17 Cost of capital expectations for CRE.
07:17 Capital availability for CRE.
08:38 Perception of pricing and competition.
09:59 Operating environment expectations.
10:59 Transaction intentions.
12:56 Top concerns for CRE.
13:50 ESG’s place in CRE.
16:12 Biggest survey takeaway.
19:11 Biggest survey surprise.
22:56 Participating in the survey.

Resources Mentioned:

Commercial Real Estate Industry Conditions and Sentiment Survey:

Omar Eltorai - https://www.linkedin.com/in/omareltorai/
Cole Perry - https://www.linkedin.com/in/coleperry1/
US Q1 2024 results - https://www.altusgroup.com/insights/cre-industry-conditions-and-sentiment-survey-us-q1-2024/
Canada Q1 2024 results - https://www.altusgroup.com/insights/cre-industry-conditions-and-sentiment-survey-canada-q1-2024/

A request for your participation in our quarterly survey
Your participation is instrumental in shaping the narrative of the commercial real estate landscape, please support this survey program by sharing your perspective on our next installment of the CRE Industry Conditions and Sentiment survey.

Participate in the survey


Thanks for listening to the CRE Exchange podcast, powered by Altus Group. If you enjoyed this episode, please leave a review to help get the word out about the show. And be sure to subscribe so you never miss another insightful conversation.



#CRE #CommercialRealEstate #Property

In the latest episode of the CRE Exchange podcast, Altus’ Omar Eltorai, Director of Research, and Cole Perry, Senior Market Analyst, cover Jerome Powell’s recent testimony on Capitol Hill and the SEC climate disclosure walkback. They also discuss last week’s macro data releases, including employment, construction data, beige book and the most recent FDIC quarterly banking profile. They wrap the episode up by touching on what’s happening in capital markets, the banking sector and some notable earnings calls from large retailers.

Key Takeaways:

(01:37) - Powell’s testimony on Capitol Hill
(03:31) - SEC climate disclosure walk back
(08:30) - February JOLTS and employment situation
(11:27) - Fed Beige Book
(18:01) - Construction spending
(19:56) - FDIC Quarterly Banking Profile
(26:59) - Banking and NYCB
(29:26) - Retailer Earnings
(34:21) - Upcoming data releases


Thanks for listening to the CRE Exchange podcast, powered by Altus Group. If you enjoyed this episode, please leave a review to help get the word out about the show. And be sure to subscribe so you never miss another insightful conversation.


#CRE #CommercialRealEstate #Property