Happy Friday everyone. Here’s the best commercial real estate news, tech banter, analytics chatter, and investing advice we’ve read this week…
Real Estate Pros Respond to RealtyShares’ Troubles
National Real Estate Investor – Commentary from EquityMultiple and other industry mainstays in the wake of this month’s industry event. “There were obviously some things that I’m sure they would have done differently with the benefit of hindsight,” notes EquityMultiple CEO Charles Clinton. “As a whole, I am optimistic that we, as an industry, can learn from this and help make sure that … we’re not making the same mistakes.”
Opportunity Fund Managers Favor Urban Areas, Commercial Real Estate
MarketWatch – It comes as no surprise to us that fund managers are focused mostly on multifamily in particular, as commercial real estate is a natural fit for
the Opportunity Zones program. Commercial real estate projects are inherently long in hold and, of course, do not move. These qualities help real estate investments dovetail with the requirements of the Opportunity Zone program, and make them a natural fit to reap the benefits of Opportunity Fund tax incentives.
How Will Real Estate Handle Rising Interest Rates?
U.S. News – Rising rates may have a material impact on the single-family market in the near term. However, rising rates reflect a strong economy and prospects remain favorable for CRE, especially in local markets with strong job and population growth. In particular, multifamily may perform well for the foreseeable future as owning a home remains prohibitive for many residents. The office sector retains a favorable outlook for the next several quarters.