on When describing the aspirations he has for his company, American Homes 4 Rent, Co-Founder and CEO David Singelyn said, “success is providing something of quality to people, and it starts with quality housing. And if we do not have quality housing, then we’re not going to be a long-term company.” A pioneer within the single-family… Continue Reading The Advent of Institutional SFR
on In late November, students from top Real Estate and MBA programs across the country competed in the University of Texas at Austin’s 18th Annual National Real Estate Challenge. Hosted by the McCombs School of Business, teams square off in a case-based real estate challenge judged by diverse real estate professionals from many of the top… Continue Reading UT- Austin National Real Estate Challenge
on “I rob banks because that’s where the money is.” – Slick Willie Sutton, the bank robber, on why he robbed banks. It’s not the sexiest form of real estate but you would be hard pressed to find a better business to be in right now. Neil St John (Jed) Raymond, Jr – Director of Asset… Continue Reading Navigating Europe’s Industrial Real Estate Market
on On Thursday, October 8th, 2020, the Cornell Baker Program in Real Estate hosted Barry Bloom (SHA ‘86 and MBA ‘01), President & CEO of Xenia Hotels & Resorts (NYSE: XHR), a hospitality REIT focused on the United States’ top 25 markets and key leisure destinations. Xenia’s hotel assets are primarily in the luxury and upper-upscale… Continue Reading Xenia’s Response to the Pandemic—Insights from Barry Bloom (SHA ‘86 & MBA ’01).
on Now more than ever, amid the coronavirus crisis, Americans are aware of the tradeoffs between economic growth and social, environmental, and health concerns. This is not a new paradigm; the latest crisis has simply revealed these tradeoffs in a more conspicuous light. Much of our economy relies on extracting limited resources, tangible materials like concrete and steel for buildings as well as people’s finite energy and creativity consumed by unfulfilling work. Real estate developer, author, and… Continue Reading The Power of Purpose – A Conversation with Jonathan Rose
on Ryan Simonetti has been here before. No, he has not been through the brut of a global health pandemic, much less guiding an eleven-year-old company that he co-founded through the national lockdown – but he’s no spring chicken either. His entrepreneurship roots run deep; raised by a father who was a small-business hospitality entrepreneur himself,… Continue Reading “Hello, Coffee, Goodbye”: The Integration of Hospitality into Office Space
on On Thursday, September 3rd, 2020, the Cornell Baker Program in Real Estate welcomed Ernst Valery (BS ’00, MPA ‘01) as the first speaker in this Fall’s Distinguished Speaker Series. Mr. Valery is the founder and president of EVI, an affiliate of SAA|EVI, a minority-owned real estate development firm that focuses on urban transitional areas. Over… Continue Reading Development Without Displacement- Insights from Ernst Valery (BS ’00, MPA ’01)
on The hotel industry in New York City has seen its fair share of macroeconomic shocks over the past few decades. From the 1975 fiscal crisis, to the stock market crash of 1987, the terrorist attacks of September 11th, and of course the great recession in 2008 – the hotel industry in the financial capital of… Continue Reading A Shock Unlike Any Other – Vijay Dandapani (SHA ’87) on the State of NYC’s Hotel Market
on This past Thursday, April 23rd, witnessed the fourth annual iteration of the Baker Program’s 5-in-5 panel, in which past graduates of the Baker Program return to recount their career paths post-Cornell. This year, the “return” of members of the Class of 2015 was virtual, but still drew a large gathering of listening heads on the… Continue Reading Baker ’15 Panelists Return Virtually to Report on Life After Graduation, COVID
on The good and the bad in hotels usually comes down to their lease structures. Unlike sectors such as industrial and office that provide investors with some of the longest leases and lowest yields, hotels present an opportunity for savvy and aggressive investors to capitalize on an industry built on travel destinations. On the one… Continue Reading Russ Shattan (SHA ’04): The Hotel Industry Has Always Functioned with Uncertainty