Wow ...
Fair comments ... but in truth ...
The NAV right downs are not just about offices ... equally you have to reflect the reality that not all portfolios were levered modestly ... and that a lot of the excess leverage layered in during the last cycle was in MFR and industrial ... and that needs to be repaid as well ... sure it is harder in markets with weak operating fundamentals ... but it is not just an office only challenge ...
I guess this tells you everything you need to know ...
Yesterday's portfolio is not going to work in tomorrow's world ...
Great chart ...
Perfectly illustrates why the ECB needs to get a shift on ... it is now behind the curve and if it stays that way it will cause a recession ...
Bullish for CRE...
Untitled
Meh ...
Rates ...
Wow???!!!
If you population ages ... so does your workforce ...
Particularly if healthcare is expensive and if pensions provision is personally funded ... mind you that does pre-suppose your life expectancy rises ... which as the bottom chart shows ... is not a given ... even in an advanced economy...
