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.
The June Brexit referendum is lending momentum to the office REIT sector. Brexit will keep U.S. interest rates very low for longer, making REIT yields more attractive and providing inexpensive capital for expansion. Plus, interest rate survey data from Trepp.
Fueled by cheap money, low levels of new construction (except for apartments), and modestly improving demand, commercial real estate values have more than doubled from their financial-crisis lows of 2009. Nevertheless, prices are leveling off as investors have become concerned that the period of extraordinarily low interest rates may soon be coming to an end.
What do billboards, prisons, casinos, schools, farmland, and document storage have in common? Real estate investment trusts (REITs) in these disparate businesses comprise NAREIT’s specialty REIT category, one of the best-performing sectors this year. Plus, interest rate survey data from Trepp.