The Case for Monte Carlo Simulation in Commercial Real Estate Modeling

Introduction Robust underwriting is a key element of any commercial real estate (CRE) investor’s success.  Currently, institutional and retail CRE investors typically employ some form of static discounted cash flow (DCF) modelling to value properties and identify attractive investments.  Unfortunately, static DCF modelling suffers from several flaws that stem from its inability to take uncertainty… Continue Reading The Case for Monte Carlo Simulation in Commercial Real Estate Modeling

INVESTING IN A STRONGER NEW YORK CITY: SUSH TORGALKAR ON HIS PATH TO FOUNDING SAGE HALL PARTNERS

While most of the recent media coverage of New York City’s commercial real estate market has been grim, with Midtown Manhattan being likened to a ghost town, alongside an increase in social unrest, there are still believers in the resiliency of New York City.  Recently, Sush Torgalkar, co-founder of Sage Hall Partners, shared his story,… Continue Reading INVESTING IN A STRONGER NEW YORK CITY: SUSH TORGALKAR ON HIS PATH TO FOUNDING SAGE HALL PARTNERS

38th Annual Cornell Real Estate Conference: Insights on Real Estate Capital Markets from Leaders on Wall Street (Jeffrey D. Horowitz ’86, Warren de Haan ’97, Sherry Rexroad, and Ralph Rosenberg)

As part of the 38th Annual Cornell Real Estate Conference, Cornell remotely hosted Ralph Rosenberg, KKR’s Global Head of Real Estate; Sherry Rexroad, Senior Product Strategist for Global Real Estate Asset Securities at Blackrock, and Warren De Haan ‘97, Head of Origination at ACORE for a discussion on Real Estate Capital Markets.  The round table… Continue Reading 38th Annual Cornell Real Estate Conference: Insights on Real Estate Capital Markets from Leaders on Wall Street (Jeffrey D. Horowitz ’86, Warren de Haan ’97, Sherry Rexroad, and Ralph Rosenberg)

Disrupting Housing Markets: iBuyers as Market Makers

Introduction Instant Buyers, or iBuyers, are companies that make instant offers to buy single family homes based on model driven valuations, such as Redfin, Zillow, and Opendoor.  These types of purchases are all cash offers, and the primary benefit is increased convenience and flexibility to the home seller. The primary drawback is that iBuyers typically… Continue Reading Disrupting Housing Markets: iBuyers as Market Makers

Private Solutions to Public Problems: Discussing American Infrastructure with Jose Gonzalez

Among the most relevant and pressing challenges facing the United States today is our crumbling American infrastructure. The situation is so dire that the American Society of Civil Engineers gives the US an overall grade of D+. Despite broad bipartisan support, the massive project scope, capital requirements, and time scale required of major infrastructure projects… Continue Reading Private Solutions to Public Problems: Discussing American Infrastructure with Jose Gonzalez

The Power of Purpose – A Conversation with Jonathan Rose

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