America’s once world-class infrastructure is in desperate need of repair. In recent years, bridge collapses and other engineering failures have sparked political debate about how the country’s aging public infrastructure should be addressed. Airports are often overlooked in this debate and viewed as less critical infrastructure, despite the fact that 1.7 million Americans get on… Continue Reading Making the Case for REIT Ownership of Airports:
Foreign real estate investment in major cities throughout the world has increased rapidly in recent years. Investors from the U.S., China, and the Middle East have turned to foreign real estate markets to capitalize on tax advantages, stable growth prospects, and political security (French, 2015). Investing in foreign markets has also provided portfolio diversification benefits… Continue Reading Should Countries Restrict Foreign Real Estate Investment?
Passive Investors are Causing Concern in REIT Markets: Passive equity investment vehicles such as stock market index funds have exploded in popularity over the last decade. In fact, as of this year there are now more index funds than there are actual public equities, a remarkable shift that has shown no sign of losing momentum (Bloomberg… Continue Reading Passive Investors are Causing Concern in REIT Markets
Consolidation in the real estate investment trust (REIT) industry has become more prevalent in recent years, a trend that is likely to continue. There are a variety of factors contributing to the accelerated consolidation of firms in the industry – from favorable current economic conditions that are generating increased economies of scale to optimization opportunities… Continue Reading REIT Sector Likely to See More Consolidation
Photo Credit: Neil Moralee via Compfight Governmental sources of funding are often contentious or controversial in real estate projects, but perhaps none is more politically charged than EB-5 financing. Named after the United States Customs and Immigration program which provides, “employment based” pathways for foreign citizens to gain green cards and, eventually, full citizenship, the… Continue Reading EB-5 Financing Once Again Faces an Uncertain Future
Summer Internship Recap Who: Dustin Dunham – Baker Program Class of 2019 Where: Mercer Street Partners, New York, NY Position: Summer Associate – Acquisitions and Asset Management My 10-week summer internship at Mercer Street Partners was a transformative experience that accelerated my career growth. Mercer Street Partners (MSP) is a quickly growing value-add private equity… Continue Reading 2018 Summer Internships: Dustin Dunham, Mercer Street Partners (4 Min)
In 2017, Congress established a new community development program known as Opportunity Zones in order to encourage long-term investments in low-income urban and rural communities nationwide. The Opportunity Zones program provides a tax incentive for investors to re-invest their unrealized capital gains into Opportunity Funds that are dedicated to investing into Opportunity Zones designated by… Continue Reading What Are Opportunity Zones and How Can Investors Utilize Them?
Inside the Gulf – Part 4 – This series of articles will explore several major projects taking place in the Persian Gulf countries. While much of the news coming out of Qatar over the last few years has been its recent battle with its neighbors in Saudi Arabia and the United Arab Emirates who established… Continue Reading Qatar Looks to Take Lead in US Real Estate Investments by Gulf Wealth Funds (6 mins)
How trends in the U.S. Agriculture industry can affect farm related real estate. Similar to periods before deleveraging and bust periods in agricultural environments, today’s low interest rates and high farm land values are encouraging farmers to incur significant amounts of debt while national net farm income continues to decrease, and U.S. interest rates continue… Continue Reading Are Farmland Values Ripe For A New Season? (7 mins)
The contractual elements of real estate transactions can be complex and cumbersome. In order to protect their respective positions and overcome the barrier of lack of trust, parties to a transaction are forced to utilize intermediaries such as lawyers and escrow accounts. Smart contracts are blockchain-based tools that have the potential to transform the process… Continue Reading Smart Contracts: Changing the Way We Do Deals (6 min)