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Senior Resident Fellow, Finance

Stephen R. Blank

Senior Resident Fellow, Finance

Stephen R. Blank joined the Urban Land Institute (ULI) in December 1998 as Senior Fellow, Finance. His primary responsibilities include: expanding ULI’s real estate capital markets information and education programs; authoring real estate capital market commentary for ULI’s web sites; participating as a principal researcher and adviser for the Emerging Trends in Real Estate series of publications; organizing and participating in real estate capital markets programs at ULI events worldwide; and participating in industry meetings, seminars, and conferences.

Articles by this author

  • Monday's Numbers: May 14, 2012

    May 14, 2012

    The Trepp LLC survey showed spreads widening as much as 15 basis points for no apparent reason we know of except, possibly, the continuing crises in Europe and concerns that the U.S. will catch their flu. Fortunately, money is plentiful with a majority of the widening of spreads offset by the lower yields on 10-year Treasury bonds.

  • Monday's Numbers: May 7, 2012

    May 7, 2012

    According to the FTSE NAREIT Equity REIT Index, equity REITs produced total returns equal to 2.87 percent in April. The Trepp LLC survey showed spreads flat to widening by 5 basis points over the survey period as all-in costs remain attractive.

  • Monday's Numbers: April 30, 2012

    April 30, 2012

    The Trepp LLC survey showed spreads widening over the past two weeks in response to the yield on 10-year Treasury bonds which narrowed by about 15 basis points. Lending spreads continue to move in a narrow range with overall cost attractive at all maturities and from a wide array of capital sources.

  • Monday's Numbers: April 23, 2012

    April 23, 2012

    According to the most recent survey by Real Estate Research Corporation, average capitalization rates continued to decline as more and more capital is invested in real estate. Lending spreads continue to move in a narrow range with overall cost attractive at all maturities and from a wide array of capital sources.

  • Monday's Numbers: April 16, 2012

    April 16, 2012

    Over the past month, the Cushman & Wakefield Sonnenblick-Goldman Survey narrowed, with 10-year rates improving as much as 40 basis points for some property sectors.

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