on For my summer internship, I wanted to learn how real estate investment managers could create alpha, or put in another way, beat the market. At Exeter Property Group, a fund shop based out of suburban Philadelphia, I was able to learn how one elite organization creates alpha by keeping the freshest pulse on the market,… Continue Reading 2016 Summer Internships: Scott Guo – Exeter Property Group
on As soon as I arrived in Ithaca to start my masters in Real Estate at the Baker Program at Cornell University in August 2015, I sat down for lunch with my second-year mentor, Julio Duran. He told me about his summer experience at PGIM Real Estate Latin America (formerly Prudential Real Estate Investors). PGIM RE is the… Continue Reading 2016 Summer Internships: Adrian Martinez
on Note: This is Part 2 of a series of stories on the multitude of effects that the Brexit is having on global real estate markets now and in the future. As mentioned in Part 1, the British public’s decision to terminate the U.K.’s membership in the European Union (EU), commonly known as Brexit, has been… Continue Reading Brexit and Real Estate: Part 2 – Effects on US Capital Flows
on Note: This is Part 1 of what will be a series of stories on the multitude of effects that the Brexit is having on global real estate markets now and in the future. For Part 2 please click here. The most significant financial and economic news story so far in 2016 has been the June 23… Continue Reading Brexit and Real Estate: Part 1 – Effects on UK-based Property Funds
on On Wednesday, June 22nd, the Cornell Real Estate Council (CREC), New York City Chapter congregated at the offices of First American Title for a panel discussion: Looking Backward to Lead Forward. Moderated by CREC-NYC Executive Board Member, Firas Turkmani (SHA ’14 and Associate at Ackman-Ziff), the Cornell community experienced a lively discussion on the current market… Continue Reading CREC Conference NYC Chapter: Looking Backward to Lead Forward – Caitlin Elliott
on Colony Capital, NorthStar Asset Management, and NorthStar Realty Finance Combine to Form the 5th Largest Global Real Estate Investment Manager On June 3rd, three leading real estate firms announced that they would merge into a single real estate investment trust with approximately $58 billion in assets. According to the Wall Street Journal, the three-way stock… Continue Reading Merger of Colony and NorthStar Creates 5th-Largest Real Estate Investment Firm
on Three years ago, former U.S. Federal Reserve Chairman Ben Bernanke opened the proverbial Pandora’s box by discussing the U.S. Federal Reserve’s intent to taper its purchases of long-term maturity bonds and mortgage-backed securities. At the time, the United States economy had rebounded to the point where additional stimulus had become a crucial talking point among partisan politicians and economists… Continue Reading The Fed and Real Estate – Beyond the June FOMC Meeting
on After Offer From Anbang-Led Group Puts Marriott-Starwood Deal In Jeopardy, Marriott Answers Right Back Takeover battles capture the imagination of Wall Street and the investing public. The relative rarity of their occurrence in the Real Estate and Hospitality sector only adds to the intrigue when they happen. This most recently happened earlier this year with… Continue Reading Marriott vs. Anbang: Takeover Battle For Starwood Is Reaching Historic Proportions
on In December 2015, Hilton Worldwide Holdings, Inc. announced that it was pursuing a spinoff of a portion of its portfolio into a Real Estate Investment Trust (REIT). This follows the industry trend and wider trend of non-purely real estate firms seeking to do the same in order to unlock shareholder value and boost their stocks through the… Continue Reading Hilton Granted Approval for REIT Spinoff
on The Baker Program in Real Estate’s Distinguished Speaker Series features many successful real estate practitioners who are also alumni of Cornell. The resulting ability to relate to current students experiences and subsequent knowledge of post-Cornell career paths make these individuals among the best who come to Baker. On February 18, the Baker Program’s signature Distinguished… Continue Reading Interview with Andrew Isikoff of the Silverfern Group