Orest Mandzy is managing editor at Commercial Real Estate Direct.
Articles by orestmandzy
- U.S. Hotel Market Fundamentals Primed for a Slowdown
Published on March 06, 2017 in Capital Markets
The U.S. hotel market has experienced significant growth over the past five years, but it is looking at a substantial slowdown as a result of the increase in the supply of rooms. The growth in supply has been picking up speed as operating fundamentals have consistently improved, but it’s no surprise that fundamentals would be soon pressured. Plus, interest rate survey data from Trepp.
- Growth Predicted for Commercial Mortgage Lending in 2017
Published on February 27, 2017 in Capital Markets
Last year, $502 billion in U.S. commercial mortgages was originated. That was down slightly from the $504 billion originated the year prior and well shy of the $537 billion that the Mortgage Bankers Association (MBA) had predicted. The MBA is forecasting $515 billion of lending activity for 2017, which would top the origination record of $508 billion set in 2007. Plus, interest rate survey data from Trepp.
- Hotel REITs Trading at Prices below Net Asset Values
Published on June 27, 2016 in Capital Markets
The overwhelming majority of hotel real estate investment trusts (REITs) are trading at prices that represent discounts to their net asset value, as has been the case for more than a year now. The thinking in some circles is that the hotel sector is approaching its cyclical peak. Plus, interest rate survey data from Trepp.
- REITs Continue to Tap Unsecured Notes Market
Published on June 29, 2015 in Capital Markets
This year, real estate investment trusts (REITs) have raised $17.1 billion of capital through the sale of unsecured notes, bringing the total raised over the past two and a half years to just more than $75 billion. That is more than they raised during the previous five years. The low rates have allowed REITs to issue ten-year bonds with coupons as low as 2.75 percent. Plus, interest rate survey results from Trepp.