Greta Guggenheim, ULI member and president of Ladder Capital, spoke at the 2011 ULI Capital Markets Conference in New York. She discusses the state of conduit lending as well as the role and impact of new issuance in 2011.
Both banks and alternative lenders increasingly see the Dallas/Fort Worth market as an attractive place to deploy capital in the commercial real estate sector and remain generally bullish on the region, said panelists speaking at a ULI North Texas event focused on capital markets.
For the second time in the past four months, the Federal Reserve has upped the benchmark interest rate by a quarter point to a target range of 0.75–1.0 percent. While news of the rate hike caused government bond yields to drop, REITs rallied by over 2 percent following the announcement. Plus, interest rate survey data from Trepp.
Overall real estate investment trust acquisitions dwindled throughout 2016 while dispositions surged. Acquisitions for equity REITs were down 35 percent year over year, totaling $63.6 billion in 2016. The fourth-quarter volume was the lowest quarterly total since the second quarter of 2010, at just $7.9 billion. Plus, interest rate survey data from Trepp.