What I'm Reading Drop Zone: Drone delivery is beginning to look inevitable as developers like Alphabet continue to make breakthroughs and retailers like Walmart test in selected markets. The Diff Arms Race: Amenities aren't just for office employees anymore. Gyms, childcare centers, and restaurants are making their way into logistics...
December 10th – Stretching Out
What I'm Reading Stretching Out: Multifamily investors are increasingly stretching their holding timeframes - sometimes by 2-3x. This is being driven by both a dearth of product coming to market that makes redeployment of capital difficult and a desire to obtain fixed rate debt with inflation surging. WealthManagement.com Bubbling Over:...
December 7th – Help Wanted
What I'm Reading Help Wanted: The construction industry is 2.2 million skilled workers short of what is needed to keep up with demand. Floor Daily I'm sure that a trillion dollars or so of infrastructure spending injected into this environment will have a positive impact...... Taking Control: Amazon has taken...
December 6th – Pancaked
What I'm Reading Pancaked: The yield curve has been flattening quickly with short rates rising and long rates falling. This could leave the Fed in a bind as the yield curve trajectory suggests that it could be inverted before a hiking cycle ever begins. All Star Charts Interesting to note...
November 30th – Pass Through
What I'm Reading Limited Competition: Buying real estate off market is much more about avoiding protracted bidding wars and minimizing pursuit costs than it is about buying properties at a deep discount. Globe Street Log Jam: Homebuilders are struggling with labor and material shortages. As a result, construction timelines have...
November 22nd – Emergency Measures
What I'm Reading Bottoms Up: Despite all the talk about burnout and reevaluating priorities, the soaring quits rate has little to do with white-collar jobs. It's more about lower-income people getting the chance to move up. Bloomberg Desperate Times: Federal lawmakers are pushing California Governor Gavin Newsome to declare a...
November 19th – Perfect Disguise
What I'm Reading Narrative Shift: Distressed debt funds are rebranding themselves as "opportunistic credit" as they come to the realization that distressed opportunities don't really exist at the moment. WealthManagement.com Turning Point? North American sublease office sector inventory declined for the first time since the pandemic began. Cushman and Wakefield...
November 18th – YOLO
Closing Announcement: RanchHarbor recently closed on Glenbrook Apartments, a 112 unit value add property in Boise, Idaho. Glenbrook is our second acquisition in the Boise market. We are excited about the closing and renovations are already underway. REBusiness Online Want to see more opportunities from us? Sign up here: RanchHarbor...
November 12th – Baby Boom?
What I'm Reading Baby Boom? A recent Bank of America research note struck an optimistic tone compared with the poor demographic data in the 2020 Census. The report showed that birth rates are beginning to tick up and leading indicators - such as the sale of pregnancy tests - point...
November 11th – Boxed Out
What I'm Reading Boxed Out: Supply chain woes are playing to the strengths of large retailers like Walmart, Amazon and Target who buy in massive scale, and therefore negotiating leverage with manufacturers and 3rd party logistics providers. This is in stark contrast to mom and pop retailers who are struggling...